Forex Flash: We remain long EUR/CHF – UBS (San Francisco) - From Gareth Berry, FX Strategist at UBS: “On January 14th we entered a trade recommendation to buy EURCHF at 1.2260 with an initial target of 1.2550 and a stop at 1.2120 (for a potential gain of 2.4%).”

Berry adds: “The cross has traded significantly higher in recent days we now raise the target on this trade to 1.2750.”

EUR/CHF currently exchanges around 1.2560, up 0.8% this Friday, and set to close more that 3% higher for the week.