Time for cancel the lower limit of cost EURCHF has not come yet, according to the latest report of the IMF.
Last year growth GDP of Switzerland was 1 percent and, according to some projections, will increase to 1.3 percent this year and to 1.8 percent next year. It is also expected that the unemployment rate will remain stable - at 3.1 percent in April.
The limit of EURCHF exchange rate was introduced by the SNB in September 2011 to protect the competitiveness of the Swiss economy in foreign markets from negative impact strengthening of the franc. The move was made after an unsuccessful attempt of SNB to hold back the growth franc by lowering the rate to zero levels.
Against the U.S. dollar the rate of franc remains in a long-term trend on easing. According to experts from the online learning Department of Trading System Masterforex-V, USDCHF pair is in a rising wave of the A / B level Weekly2. Working off of a subwave 3/C is now observed, and the further growth of couple will encounter resistance at Fibonacci's levels 0.9858, 0.9902 and 0.9970 High. Breakthrough rising sloping channel MF and MF pivot 0.9245 will complete the current wave.
