#EURCHF @ 0.99112 : The direction of travel is back towards the 0.9800/0.9825 area over the coming months – ING
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EUR/CHF has struggled to surpass the 1.005/1.0100 area. Economists at ING expect the pair to tick down toward 0.9800/0.9825.
“The SNB has been selling FX since 3Q last year and given Swiss inflation is still proving very sticky, it looks like the 1.0050/1.0100 area is becoming a hard ceiling for EUR/CHF in the first half of the year.”
“We would say the direction of travel here is back towards the 0.9800/0.9825 area over the coming months. It could even be lower were the SNB to surprise with a 75 bps hike on 23 March.”
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