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HomeContributorsTechnical AnalysisEUR/CHF Consolidating Around 1.1889

EUR/CHF Consolidating Around 1.1889

Swissquote Bank SA
By Swissquote Bank SA

EUR/CHF is holding below 1,1889 resistance. Strong resistance at 1.20 (level before the unpeg) remains. Hourly support given at 1.1715 (07/01/2018 low) remains. 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 1.0624 (24/06/2016 low).

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
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