EUR/CHF is back into the uptrend channel. Yet, we need more downside pressures. Strong resistance is now given at 1.1623 (22/09/2017 high). Expected to show further short-term weakness.
In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). Yet, the ECB’s QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).
