With all this focus on the FOMC meeting, let’s take a look at the EUR/CHF, and therefore avoid the risk event. However, it should be noted that there could be an indirect effect. For example if QE3 if affirmed, flow will be out of the USD and unless the market is full-fledged risk-on, some safe haven flow will have to go toward the JPY and CHF. This flow would give the Swiss Franc at least some very short-term strength and hold EUR/CHF in check. With that said, let’s examine EUR/CHF’s recent development. Different Spike: The EUR/CHF’s spike last Friday (9/7) was different than its previous 3 times coming off the 1.20 ... (full story)