Swiss Franc Complex Correction

[B]Commentary[/B]: The USDCHF broke through 1.2079 to test 1.2142 this morning. The structure of the decline from 1.2476 is not completely clear but potential resistance is at the 38.2% of 1.2476-1.1960 at 1.2157.

A complex correction appears to be playing out from 1.1960. The final leg of the correction (from 1.2011) needs a push above 1.2142 before we can consider the advance complete.
[B]Strategy[/B]: Flat