Barclays Capital sees potential for growth in the euro / franc
Despite persistent rumors that the Swiss National Bank intends to raise the minimum rate of the euro / franc to the mark of 1.30, coupled with difficulty given the upward movement. Currently, the euro / franc traded in Chf1.2370, approximately in the middle range Chf1.2333/1.2406. Technical analysts say Barclays Capital, which on Thursday closed a couple of days above the 200-day moving average for the first time since April 2011 that allows us to expect the further strengthening of the single currency against the franc. However, they add that the growth rate of the euro / franc will be rather slow. According to bank employees, the level will be able to pair Chf1.2225 solid support. They report that the closing date above $ Chf1.2341, which runs through the line 40-week moving average, couples will confirm the uptrend. The current euro / franc Chf1.2368.
Despite persistent rumors that the Swiss National Bank intends to raise the minimum rate of the euro / franc to the mark of 1.30, coupled with difficulty given the upward movement. Currently, the euro / franc traded in Chf1.2370, approximately in the middle range Chf1.2333/1.2406. Technical analysts say Barclays Capital, which on Thursday closed a couple of days above the 200-day moving average for the first time since April 2011 that allows us to expect the further strengthening of the single currency against the franc. However, they add that the growth rate of the euro / franc will be rather slow. According to bank employees, the level will be able to pair Chf1.2225 solid support. They report that the closing date above $ Chf1.2341, which runs through the line 40-week moving average, couples will confirm the uptrend. The current euro / franc Chf1.2368.