EUR/CHF declines following recovery slow down. The pair approaches hourly support given at 1.1487 (12/02/2018 low) while hourly resistance at 1.162 (07/02/2018 high) is maintained. The technical structure suggests further short-term downside moves.
In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). Yet, the ECB’s slowing QE program is likely to cause buying pressures on the euro, which should weigh in favour of the EUR/CHF. Support can be found at 1.0234 (20/04/2015 low).
 while hourly resistance at 1.162 (07/02/2018 high) is maintained. The technical structure suggests further short-term downside moves.){kind=link}