EUR/CHF risks are skewed to the downside as the SNB will be tested on its willingness to cut further into negative – something for which the bar remains rather high, per Danske Bank. Key quotes “The SNB’s credibility is growing by the day and the pressure to cut deeper into negative remains. But, unless other major central banks go there, we think the SNB will stick to intervention to keep EUR/CHF afloat.” “We have kept our EUR/CHF forecasts unchanged at 1.05 in 1-3M, 1.04 in 6M and 1.03 in 12M as we continue to see risks skewed to the downside near-term.” 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 US Dollar Index Price Analysis: A test of 101.00 still stays on the cards FX Street 2 years EUR/CHF risks are skewed to the downside as the SNB will be tested on its willingness to cut further into negative - something for which the bar remains rather high, per Danske Bank. Key quotes “The SNB’s credibility is growing by the day and the pressure to cut deeper into negative remains. But, unless other major central banks go there, we think the SNB will stick to intervention to keep EUR/CHF afloat.” “We have kept our EUR/CHF forecasts unchanged at 1.05 in 1-3M, 1.04 in 6M and 1.03 in 12M as we continue to see risks skewed to the downside… 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.
