FXStreet (Edinburgh) - Christin Tuxen, Senior Analyst at Danske Bank, believes the cross could trade in the 1.15 area in a 12-month horizon. Key Quotes “EUR/CHF has largely traded in the 1.07-1.10 interval since early autumn even as the market has now and again priced in more aggressive ECB easing and SNB has remained in a hesitant stance”. “Provided the ECB stays put on rates, there should be little pressure on the SNB to move. The tone at the December SNB meeting on the whole suggests that the central bank is less determined to bring about outright CHF weakness, and thus willing to accept EUR/USD staying at these levels for now”. “Longer term, we still expect fundamentals will support a higher EUR/CHF and we have kept our forecast profile unchanged, still projecting some possible downside near term on the risk of markets pricing more ECB easing but upside longer term as EUR/USD also rebounds. We still project EUR/CHF at 1.15 in 12M”. For more information, read our latest forex news.