EURCHF TO PUSH LOWER. ITALY PUTTING PRESSURE ON THE EURO.

EURCHF could be a key chart to watch in the coming weeks as the Italy situation continues to put pressures on the EURO, not only that the FED are looking to continue there plan to hike rates which will have a massive impact on the value of the EURUSD. If the Italy saga continues we may see a run to the CHF as it is know as the european safe haven. Technicals show we are at a key resistance level and could potentially move lower from this point as the 4hr chart is starting to cycle lower. The key support of 1.1200 will be likely targets.