EUR/CHF is slightly decreasing following recent rise at 1.1733, expected to decrease along the 1.1715 range. Hourly support and resistance remain at 1.1599 (01/12/2017 low) and 1.1779 (05/01/2018 high). The short-term technical structure suggests short-term decrease.
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).
