EUR/CHF is currently trading above the 1.15 range and trades sideways. The pair lies between hourly support and resistance at 1.1471 (09/02/2018 low) and 1.162 (07/02/2018 high). The technical structure suggests short-term sideway 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).
 and 1.162 (07/02/2018 high). The technical structure suggests short-term sideway moves.){kind=link}