EUR/CHF seen at 1.10 in 6-month – Danske Bank

Pablo Piovano FXStreet

EUR/CHF is expected to edge higher towards the 1.10 handle in the medium term, suggested Jens Pedersen, Senior Analyst at Danske Bank.

Key Quotes

“Political uncertainty in Europe, coupled with rising geopolitical risks following the election of Donald Trump as the next US president, has supported CHF and put pressure on SNB to act to curb CHF appreciation pressure”.

“Political uncertainty looks to be a key theme for FX markets again this year”.

“EUR/CHF is still trading close to 1.07. We expect it to stay here in the near term as focus turns to European political uncertainty. Longer term, we continue to expect fundamentals to support a higher EUR/CHF and keep our 6M and 12M forecasts unchanged at1.10 and 1.13, respectively”.

	TREND INDEX	OB/OS INDEX	VOLATILY INDEX
15M	Bearish	Neutral	Low
1H	Bearish	Oversold	Expanding
4H	Slightly Bullish	Neutral	High
1D	Bullish	Neutral	Low
1W	Bearish	Neutral	Low
Updated Jan 18, 12:00 GMT

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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