10 Mar 2015
EUR/CHF points upwards – Westpac
FXStreet (Edinburgh) - Strategists at Westpac expect the European cross to gain further ground in the next weeks.
Key Quotes
“EUR/CHF has now retraced 2/3s of its collapse that followed the SNB's decision to abandon their peg”.
“However, amid ECB QE and a highly probable resumption of hostilities in eastern Ukraine at some point we doubt EUR/CHF has much further room on the topside”.
“A 7th week of higher highs / higher lows maintains a strong uptrend bias. Expect further steady gains in the coming weeks”.
Key Quotes
“EUR/CHF has now retraced 2/3s of its collapse that followed the SNB's decision to abandon their peg”.
“However, amid ECB QE and a highly probable resumption of hostilities in eastern Ukraine at some point we doubt EUR/CHF has much further room on the topside”.
“A 7th week of higher highs / higher lows maintains a strong uptrend bias. Expect further steady gains in the coming weeks”.