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Forex Flash: EUR/CHF potential upside to 1.25 – Rabobank

By FXstreet.com,  January 15, 2013, 01:18:00 PM EDT

FXstreet.com (Barcelona) - The pair is now trading back to session highs in the boundaries of the key resistance at 1.2400, advancing more than three big figures since January 9

"Even with the SNB protecting its EUR/CHF1.200 'floor', the CHF is hugely overvalued and a main factor for this is safe haven demand due to the crisis. It is natural then to expect EUR/CHF to rise as confidence in the cohesion of EMU builds. We expect that EUR/CHF will continue to creep higher towards the 1.2500 area medium-term on the anticipation that EMU is nearer to a finding a solution for the crisis", remarks Senior Currency Strategist at Rabobank.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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