Forex: Massive structurally long positions in CHF may be in danger - FXWW

FXstreet.com (Barcelona) - The Swiss Franc has been one of the worst performing currencies in recent trading, with the EUR/CHF resuming its upside momentum to a new 6-week high at 1.2342 - level threatened now as we type - while the USD/CHF has also been able to muster further gains to stall at the 0.95 round number.

According to Sean Lee, founder at FXWW: "There are massive structurally long positions in CHF assets which have been built up over the last 5 years. We saw similar build-ups in Yen and in Gold which have recently started to unwind. If a similar move happens in the Swiss financial markets, then USD/CHF and EUR/CHF will be trading at 1.10 and 1.40 respectively.·