EUR/CHF has broken uptrend channel indicating strong bullish pressures. Support is given at 1.1640 (25/10/2017 low). Rising channel suggests further bullish momentum.
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).
