EUR/CHF is back into bearish. Short-term downside pressures are increasing. Strong resistance is now 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).
