Technical analysts at Mizuho Corporate Bank claim that the single currency reached the levels higher than expected trading versus Swiss franc advancing from the 1.2400 zone at the end of December. As a result, the specialists believe that the pair EUR/CHF will fall down to 1.2000 and 1.1400.

According to Mizuho, all elements of weekly Ichimoku Cloud keeps pointing at selling as it was during whole last year. The strategists say their forecast should be revised only if euro closes the week above 1.3200.

The bank says that support levels are found at 1.2765, 1.2580 and 1.2500, while resistance levels are situated at 1.3000, 1.3068 and 1.3160.



Chart. Weekly EUR/CHF

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