FXStreet (Edinburgh) - Christin Tuxen, Senior Analyst at Danske Bank, expects the cross to edge higher towards the 1.15 area in a year’s time. Key Quotes “While most currencies in the G10 sphere have lost footing against the EUR lately, it is noteworthy that the CHF has been one of the biggest losers”. “EUR/CHF has now firmly broken through the 1.10 level for the first time since the brief breach in September”. “Interestingly, EUR/CHF has not been under any significant pressure following the ECB signal that more easing lies ahead although the SNB has limited rate options left”. “This suggests that the possibility of the SNB using the so-called 'nuclear' option, i.e. to expand the amount of sight deposits charged negative, remains a threat that the market does not want to test the need for. We continue to see EUR/CHF head gradually higher, still targeting 1.15 in 12M”. For more information, read our latest forex news.