EURCHF is approaching the 0.9510 support level ahead of the SNB decision. Markets are currently pricing in a 25 basis point rate cut with a 68.1% probability. However, the recent relief in the Swiss franc may give the SNB reason to hold rates steady.
Our view is that the SNB will proceed with a 25 basis point cut today, and the 0.95–0.9510 support area is likely to hold. However, if this support zone breaks, it could trigger a medium-term selloff, potentially pushing EURCHF below 0.94.
Our view is that the SNB will proceed with a 25 basis point cut today, and the 0.95–0.9510 support area is likely to hold. However, if this support zone breaks, it could trigger a medium-term selloff, potentially pushing EURCHF below 0.94.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.