After high-profile speeches on a fixed rate for EUR / CHF and actions in this direction by the Swiss National Bank, this currency pair has forgotten about the downtrend and moved in an upward direction. Around this course now a lot of talk and rumors that are underway and appear in public and behind the scenes. At the moment the market is convinced that the euro / franc rises to 1.20 and somewhere in that area will be fixed. In private conversations with representatives of several major Swiss banks have argued that it would mark 1.25. Dealers say that the big players are actively trying to reduce the purchase. However, this game is in one direction makes sense, if the SNB will fulfill that promise. Otherwise, the fall in euro / franc will follow immediately and will be very tough.
