FXStreet — The key range for the currency pair EUR/CHF remains in the range around the mark of 1.06, said the TD Securities-market analysts.
The risks of further intervention by the Swiss national Bank (SNB) declined due to the political tensions in the Region. Nevertheless, the area is likely to be around 1.06 a limit for re-intervention in the EUR/CHF.
The Swiss economy has picked up speed, while the risks of Deflation have receded. A quick, euphoric Rally in the EUR/CHF is not to be expected, as the European Central Bank (ECB) is confident in the direction of normalization.
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