Long EURCHF

We have entered long EURCHF trade at 1.1615 with stop loss at 1.10 and take profit at at 1.22. We expect SNB policy to remain it current policy for extended period of time, while we expect that CHF will be used as a funding currency.

Long USDCHF

We have entered long-term trade at 0.9894 with stop loss at 0.92 and take profit at at 1.05.

We believe that richly valued CHF will lose its value against USD whose tightening cycle has just started.