USD/CHF, this is what happens when you play with the USD bulls!
I wrote about this possible development at my USD/CHF analysis from March 02. US dollar bulls have almost covered complete loss from the ‘SNB’s move’ in January 15. It was clear that this would happen here, the US dollar has been growing for the eighth week in a row now and manage to catch 1.0127 yesterday. The pair is hanging around 1.0100 for three days and it’s just 100 pips away to complete the 2000 pips fall covering. It doesn’t matter any more if they fail now, Swiss franc ended at the US dollar bull’s horns at the end! 🙂