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EUR/CHF – Continued Reversal

From files.swissquote.com

• EUR/CHF's bullish momentum seems to be over. The pair is now clearly heading south. Hourly resistance lies at 1.1200 (04/02/2016 high). Hourly support lies at 1.0733 (28/08/2015 low). Expected to show further decline towards 1.0900. • In the longer term, the technical structure remains positive. 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). • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 ... (full story)

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