#EURCHF @ 1.00292 : Trend higher may remain in place – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/CHF yesterday broke above 1.00. Economists at ING had been forecasting a lower EUR/CHF this year and now they will have to revise up the forecast.
“Given that it looks like the Dollar will stay offered for the time being and the ECB looks unlikely to relent on its hawkishness, this trend to a higher EUR/CHF may remain in place. However, we doubt the SNB would want to see a big rally this early and the move may stall in the 1.0070/1.0100 area.”
“We had thought EUR/CHF could trade to 0.95 this summer, but it looks like we will have to revise up those forecasts.”
[/s2If]
Join Our Telegram Group
