Here is my idea. I am looking to go long EUR (waiting for 1.20-1.25 area). But with that trade there is a risk of eurozone SHTF. But, since CHF is pegged to EUR it is the the same if I go short USDCHF. I guess if the SHTF in eurozone CHF will de-peg (I expect CHF to de-peg in 2012 anyway).
What do you think?