Sorry, I didn't make myself clear. I mean I believe the EUR/CHF will rise over the coming weeks, but I think the EUR/USD could trade sideways in a large channel.
Originally Posted by FXBear
China seems to be trying to avoid the dollar, doing deals with emerging nations. All in all, the outlook for the dollar isn't amazing, but as it's still the national defacto currency, it's going to continue to carry some weight.
Oil is at about $99 USD per barrel at the moment. Higher will hurt the dollar, lower will strengthen it.
Markets can remain irrational longer than you can remain solvent.