Fading below 1.1000.
• EUR/CHF's volatility is getting stronger.
Resistance given is given at 1.0978 (09/05/2017
high). Despite the sharp increase and the recent
bullish breakout which is very likely
psychological, we believe that the medium-term
pattern suggests us to see at some point
renewed bearish pressures towards key support
that can be found at 1.0623 (24/06/2016 low).
• In the longer term, the technical structure is
mixed. Resistance can be found at 1.1200
(04/02/2015 high). Yet,the ECB's QE programme
is likely to cause persistent selling pressures on
the euro, which should weigh on EUR/CHF.
Supports can be found at 1.0184 (28/01/2015
low) and 1.0082 (27/01/2015 low).
(By Yann Quelenn)
