Since 
SNB has introduced the 1.200 EUR/CHF peg, USD/CHF 
volatility has dropped to all time low and this has greatly impacted the price action. On the weekly chart this can be observed very clearly (see 
Figure 2) how even in the current year the market 
range has narrowed and become even tighter, roughly 400 pips. Usually during this slow periods price will continue consolidating until we'll break into a new trend.
  Figure 1. USD/CHF Weekly Chart
On the daily chart (see
 Figure 2) w…