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EUR/CHF Bulls are losing momentum

EUR/CHF sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.

On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions.

The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further EUR/CHF depreciation is there.

QE4 is not far-off, recent QE approach insufficnet – Swissquote

Yann Quelenn, Market Analyst at Swissquote, suggests that the zero interest-rate policy and quantitative easing approach has proven inefficient and as data has been coming in mixed and still believe that quantitative easing 4 is not far off.
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