Swiss Franc Technical Outlook

The sharp drop from 1.23 is in 5 waves and probably wave A within an A-B-C correction that will end below 1.0367. The rally from 1.0367 is the B wave of that sequence and likely tests resistance from Fibonacci 1.15, eventually.

Wave b of B is underway now and I’ll look to identify an entry point to go long in order to catch wave c of B up to 1.15.

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