[B]Commentary[/B]: We wrote yesterday that “the final leg of the correction is likely to play out the rest of the week towards the 61.8% of 1.2145-1.2476 (1.2271).”
The USDCHF is tracking our count and there is no change. Potential support is at the confluence of the 50% of 1.2145-1.2476 / 100% extension of 1.2476-1.2353/1.2424 at 1.2301/11. [B]Strategy[/B]: Look to get bullish near 1.2271, against 1.2145, targeting a break above 1.2476.