Swiss Franc Same as Euro (but Inverse)

[B]Commentary:[/B] We wrote yesterday that “downside potential remains. A drop under 1.1993 would complete 5 waves down from 1.2215. If this happens, then we will look for a corrective rally in order to get bearish.”

This pattern is the same as the EURUSD (but the inverse of course). It looks like price will launch an attack on 1.1993, so look for a pullback following a new low (under 1.1993). Initial resistance would be just under 1.2100.
[B]Strategy: [/B] Following a new low (under 1.1993), look for a pullback towards 1.2100 in order to get bearish against 1.2215.