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Credit Agricole issue new trade..........>

EURO-SWISS
EURO-SWISS: Credit Agricole issue new trade recommendation on EUR/CHF, long
EUR/CHF from 1.0730 targeting 1.1500.
- In a note dated today, CA see the improving outlook for the Eurozone
potentially breaking the downtrend in EURCHF observed in recent years.
- They add that the CHF may become the funder of choice once again if the latest
trends continue (and since the SNB is likely to keep rates comparatively low for
an extended period of time).
- This, coupled with still-elevated speculative CHF longs, suggest there is
material scope for position squaring related to CHF downside.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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