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.”