EUR/CHF: focus remains to 1.06 — TDS

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.

Important Quotes:

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.

** FXStreet News Editorial, FXStreet**

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