EUR/CHF could visit levels below parity in H2 – Westpac

FXStreet (Edinburgh) - According to strategists at Westpac, the cross could march to the area below parity by mid-year.

Key Quotes

“EUR/CHF has been quietly drifting lower for the better part of three months, from around 1.08 to 1.0250”.

“That underlying trend, fed in part by ongoing ECB QE and festering Greek worries, should extend a few more weeks yet, tipping the cross likely below parity before mid-year”.

“Recent strength was quickly and impulsively reversed, producing the 3rd MT topping pattern for 2015. Weekly close below 0.9500 is the next bearish trigger we seek”.