There appears to be a short-term correction across the major currencies following the recent appreciation in the U.S. dollar, but the outlook for the reserve currency remains bullish as the Federal Reserve softens its dovish tone for monetary policy. Meanwhile, the technical outlook for the EUR/CHF points to higher prices as it maintains the upward trending channel from back in September, and the market reaction to the Swiss National Bank interest rate decision is likely to be short-lived as the central bank keeps the door open to weaken the low-yielding currency further.