Forex Flash: EUR/CHF, buy and hold - UniCredit

FXstreet.com (Córdoba) - According to analysts at UniCredit renewed speculation that the SNB might increase the EUR/CHF floor at 1.20, "proved a sort of self-fulfilling prophecy, initially sparking some fresh buying above 1.24 followed by some profit taking as soon as expectations failed to materialize."

"We recommend "buy & hold" strategies here again, returning long on any retreat -especially now that the pair has slipped below 1.23 - gaining the daily carry and waiting for better levels for profit taking and re-opening fresh long positions afterwards," suggested UniCredit in its Friday Notes report.