look at the pip potentail on this weekly USD/CHF weekly chart I think the Swiss may have bitten off more then they can chew by pegging there currency to the EUR becuase this pair could run to the top of this trend line which would major league devaule there currency to the point were the USD would be back above parity against the CHF to the toon of around 1.1250 USD/CHF if it touches the up channal line now I just jump on trands and ride them but I don't think that's what the Swiss were thinking was going to happen when they pegged the swissy to the EUR I know they though it may depreciate the Swissy some but the Euro Zone is in major trouble so it will really effect the Swissy as well. The key question here is why did the Swiss peg there currency to the Euro are they planning on jioning the EU food for thought ?
- Joined Aug 2010 | Status: Chaos is a ladder | 1,268 Posts
"To hold, you must first open your hand. Let go." - Lao Tzu