Overbought means nothing for USDCHF, SNB wants your money

Swiss national bank will do anything to weaken the swiss franc, and that is the only reason the swissie will keep going up. Eventually this route will lead to a nice and juicy short entry but for now I advise you to play the waves.

We are hitting insane overbought levels on both stochastic as well as RSI so we should reverse soon. My idea is that we will reverse (temporarily) at 1.0250.