Analysts at Barclays Capital claim that improving risk sentiment helped the single currency to recover versus the Swiss franc. Never the less, the pair EUR/CHF hasn’t ruined its downtrend from November’s peak. The specialists say that for this to happen euro should close the day above 1.2765, so it will gain momentum to rise towards 1.2940 and 1.30.

Currency strategists at BNP Paribas say that the coming events seem to be positive for the cross. These are the hopes the European rescue package will be expanded, SNB Jordan's comments there are signs the Swiss economic dynamic will slow in 2011 and Friday's meeting between the Swiss government and business to discuss concerns about the national currency’s strength. According to BNP Paribas, EUR/CHF will manage to climb to 1.30.



Chart. Daily EUR/CHF

More info about FBS