FXStreet (Edinburgh) - According to Christin Tuxen, Senior Analyst at Danske Bank, the cross could reach the 1.12 level within a year’s time. Key Quotes “EUR/CHF has gradually edged lower over the past few months as the market has priced in more aggressive ECB easing”. “As the SNB focuses primarily on a trade-weighted CHF and less on EUR/CHF, the SNB might be willing to accept some limited downside in EUR/CHF in a broad-based EUR selling scenario”. “Given our relatively bearish ECB call, which will probably not be fully matched by the SNB, we lower our 1M forecast to 1.06 (was 1.09) but stress that risks are skewed towards the cross, undershooting our target in the short term”. “However, we expect the SNB to support the cross by interventions below the 1.03 level. Longer term, we still expect fundamentals to support a higher EUR/CHF and we have kept our 3M, 6M and 12M forecasts unchanged at 1.07, 1.10 and 1.12, respectively”. For more information, read our latest forex news.