Swiss Franc Diabolical Range

[B]Commentary[/B]: There is no change in our longer term outlook as the short term strucutre is unclear. The USDCHF short term strucutre is also unclear therefore we are taking a look at the weekly.

The 14 month inverse head and shoulders pattern remains in place as long as price is above 1.1877. An inverse head and shoulders is a derivation of a triple bottom. The inverse head and shoulders pattern is not confirmed until a break of the neckline but the proximity of 1.1877 skews reward to risk in favor of bulls. [B]Strategy[/B]: Flat