EUR/CHF: Slowly Recovering; Where To Target? – ING

ING FX Strategy Research notes that EUR/CHF has been slowly recovering from recent sell-off with support holding around 1.1400 level so far.

"The main event-driven threat to the EUR this week may come from Thursday's release of ECB minutes and concern over any EUR strength. However, EUR downside should be limited.

The SNB will sit tight with policy settings far longer than the ECB and that EUR/CHF will rally," ING argues.

ING targets EUR/CHF at 1.17 in 1-month.

Source: ING Global Markets ResearchOriginal Article