Swiss Franc Range Narrows

Commentary: The Swissie range continues to narriow as volatility compressed to a mere 40 points in the last 24 hours.

Volatility far more than price is mean reverting suggesting that a breakout may be very close at hand. A break below 1.1800 target 1.1700 while a take out of the 1.1840 level opens the way to 1.1900.
Strategy: Flat