- Fundamental drivers for a lower EUR/CHF are in place, targeting 0.94 – Credit Suisse
Market news
10 August 2022
Fundamental drivers for a lower EUR/CHF are in place, targeting 0.94 – Credit Suisse
Economists at Credit Suisse revise their EUR/CHF target downward from 0.9700 to 0.9400. They still believe that the fundamental drivers for a lower EUR/CHF are in place.
Daily close above 1.0060 to invalidate the target
“As we still believe that the fundamental drivers for a lower EUR/CHF are in place, we revise our target downward again to 0.9400.”
“As a level where we would consider our view incorrect, we suggest a daily NY close above 1.0060, down from 1.0525 previously.”
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