Here’s a thought: on the daily chart USD/CHF seems to have put a double-bottom in place and popped up above fairly well-defined resistance at .8900. In response to ECB rate cut and easing talk SNB chairman Jordan has said that he will defend the peg regardless of what the ECB does. It is entirely possible that Euro easing causes too much unwanted strength in EUR/CHF and forces Jordan to sell CHF and buy EUR. If he does and the dollar has caught any current of strength then this pair could give .9050 or higher a run. If that idea moves you, I’d look for a pull back to .8900 before getting long.
