EUR/CHF: Under pressure - ING

Sandeep Kanihama FXStreet Contributor

Analysts at ING point out that the EUR/CHF cross is still trading very narrow ranges and doesn’t seem to be responding to Italian risk much these days.

Key Quotes

“For what it’s worth, we note that the one year 25 delta Risk Reversal is narrowing sharply – meaning the cost of insuring against a downside break in EUR/CHF is declining. Thus looking at EUR/CHF alone, it seems that investors are not increasing their bets on another Eurozone crisis.”

“The Swiss data calendar is light, but in theory EUR/CHF should come under pressure from soft Eurozone 3Q18 activity data.”

“Also, keep a watch on how USD/CHF trades near 1.0100. A break above here could encourage fresh follow-through buying from model-based funds and actually help EUR/CHF a little higher.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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