Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fund. See: EUR/CHF underpinned by the 55-day ma at 1.0559 – Commerzbank Key quotes “Our confidence in achieving our envisaged target of 1.0250 in EUR/CHF is much diminished. We now see a 1.05-1.07 range as the most likely outcome for the time being pending further details on the EU Recovery Fund.” “Should the EU fail to agree to some kind of debt mutualisation or water down the initial French-German proposal significantly, the market will most likely view such a development as euro negative which would bring downside risks in EUR/CHF back into play.” “Should an EU agreement surprise on the positive side we would expect such a development to manifest itself in higher interest rates in the Eurozone, as a reflection of higher growth and inflation prospects. Such a scenario could then lead to an upside breakout in EUR/CHF as a consequence.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Focus on the strong resistance at 1.2360 FX Street 3 years Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fund. See: EUR/CHF underpinned by the 55-day ma at 1.0559 – Commerzbank Key quotes “Our confidence in achieving our envisaged target of 1.0250 in EUR/CHF is much diminished. We now see a 1.05-1.07 range as the most likely outcome for the time being pending further details on the EU Recovery Fund.” “Should the EU fail to agree to some kind of debt mutualisation or water down the initial French-German proposal significantly, the market will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
