Credit Suisse discusses its tactical view on EUR/USD and EUR/CHF.
"Range-bound within clear 1.0926/1.1109 parameters. With EUR conﬁrmed as the funder of choice and the FOMC as expected (dots tad hawkish) we prefer to sell rallies with a 1.1120 stop. Not high conviction," CS notes.
"USDCHF still capped below 1.0000. Consolidation likely , patience and ﬂexibility important, overall still range trading 0.9850-1.0000. EURCHF more inclined to buy dips and play from the long side, key levels 1.0890/1.1020. EURCHF to stabilize /rise around 1.0930-50," CS adds.