EUR/CHF and USD/CHF are consolidating their big overnight gains and more is on the way I feel. If you feel like picking a top in either- take a cold shower, turn off your screen and come back Monday. We cannot be sure when or where either move will stop so the upside risk greatly outweighs the downside reward. Early Europe may start booking some profit but each dip will merely be an excuse for the zillions of real-money CHF long positions to start reducing their exposure (and yes of course I’m talking my book).