The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminished risks of a breach of 1.05 Key quotes “Should EUR/CHF become pressured towards the 1.05 threshold, expect this to amplify concerns of potential SNB action. The Bank could take rates down to -1.00%, irrespective of actions by the ECB.” “While the SNB acts to contain potential safe-haven flows, it will surely hope that events in the eurozone, within the context of potential future fiscal transfers, could limit SNB buying. That should allow EUR/CHF to gradually grind back towards the 200-day MAV at 1.08.” “Q3 20: 1.08 | Q1 21: 1.09” 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 EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s FX Street 3 years The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminished risks of a breach of 1.05 Key quotes “Should EUR/CHF become pressured towards the 1.05 threshold, expect this to amplify concerns of potential SNB action. The Bank could take rates down to -1.00%, irrespective of actions by the ECB.” “While the SNB acts to contain potential safe-haven flows, it will surely hope that events in the eurozone, within the context of potential future fiscal transfers, could limit SNB buying. That should allow EUR/CHF… 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.
