EUR/CHF year-end target not far from current spot, but longer term to 1.15

Author: Eamonn Sheridan | Category: News

Credit Agricole comments on the cross, sees range bound ahead in the near term stays core bullish and long targeting a move towards 1.15.

  • "When it comes to crosses such as EUR/CHF, the central bank's intervention stance coupled with still elevated CHF long positioning should continue to prove sufficient for putting a floor below it.
  • We foresee further range-bound trading in the short term while retaining a view of gradual EUR/CHF upside in the long run. Our year-end forecast stands at 1.08, not far from where the pair is trading now," CACIB notes. 

The CA views are via eFX. For bank trade ideas, check out eFX Plus
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