EUR/CHF: focus stays on 1.0600 – TDS

In view of Strategists a TD Securities, the area around 1.06 remains key for EUR/CHF.

Key Quotes

“Risk of further SNB intervention have receded with the region’s political tensions, but the 1.06 region is likely to remain a threshold for renewed action in EUR/CHF”.

“The Swiss economy has picked up while its deflation pressures have eased, but we think EUR/CHF will struggle to rally until the ECB moves more confidently toward normalization”.