Commentary: There is no change to the outlook that calls for a drop below 1.0886 in order to complete wave 3 within a 5 wave bear cycle from 1.2468. “With price stalling near the 4th wave (iv) of one less degree, probability is high that the USDCHF is beginning a wave v decline to complete larger wave 3.”
Strategy: Bearish, against 1.1353, target 1.0886