NAB says EUR/CHF support is developing at 1.2060, in the wake of the European Central Bank's bond-buying decision last week. "The ECB's decision was a significant one, and could push EUR/CHF up to 1.22 in coming weeks," says NAB strategist Gavin Friend. "We are waiting for the German constitutional court's ruling on the ESM process, but there are certainly signs of support for EUR/CHF building at 1.2060 to 1.2070," Friend adds.
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