FxWirePro: Daily Commodity Tracker - 21st March, 2022 
With both European Central Bank (ECB) and Swiss National Bank (SNB) continue their easing policy, the exchange rate is trapped in a Bull/Bear fight. While the European Central Bank’s decision to wind up asset purchases by the end of the year is energizing the euro bulls; the Swiss franc is benefiting from risk aversion stemming from the Eurozone to be particular; such as rise of populism across the EU, Brexit, showdown between Brussels and Italy, and the impact of geopolitical differences with the U.S.
Our latest calculations at FxWirePro suggest that it might remain that way for some time further and the pair would consolidate. The euro bulls are targeting as high as 1.32 against the franc, while the franc bulls are targeting 1.02 per euro. The franc is currently trading at 1.138 per euro.
