Barclays Capital: non Bank of Switzerland is not in the hands of the euro / franc

Barclays Capital analysts believe that in the absence of intervention, the Swiss National Bank a couple of euro / franc expects decline - while the euro / franc kept below the March maximum of 1.5455, the bank had a neutral-negative medium-term prognosis. It is believed at Barclays Capital, intervention leads to decreasing returns, and if the Central does not continue to buy the currency in July, a pair of Euro / Franc rushed back to the bottom of the range at 1.5010. At this time, a pair of euro / franc traded at 1.5263.