whats really going on with USDCHF and whats next

Price hits bottom July 2011 and have been a pretty lame trade since then ( with some occasional high volatility)
Price is more or less ranging as it slowly slowly fights its way back to its median fair value.
It can of course take off and reach its target faster at any time. Just need the right catalysts for that.
but for me this is not a trade that appeals to me. Especially considering price tendency to resort to high volatility spikes.