EUR/CHF is attempting a recovery phase at the 1.155 range after breaking hourly support given at 1.1487 (12/02/2018). New hourly support is given at 1.1471 (09/02/2018 low) while hourly resistance remains at 1.162 (07/02/2018 high). The technical structure suggests short-term upside 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).
. New hourly support is given at 1.1471 (09/02/2018 low) while hourly resistance remains at 1.162 (07/02/2018 high). The technical structure suggests short-term upside moves.){kind=link}