Friday, 18 January 2013

EUR/CHF Stuck In A 1.2055-To-1.2035 Range -ZKB


EUR/CHF is stuck in tight range below 1.2055 yet remaining above 1.2035, says ZKB. ZKB says EUR/CHF shows little appetite for breaking out of this trading band. "Given the moderately weaker trend apparent since the end of October, we are more likely to see a test of the downside support," than any significant upside moves, according to the bank's technical analyst Christian Eugster. EUR/CHF at 1.2044.  

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