Swiss Franc Technical Outlook

We wrote yesterday that “on the daily chart, 1.1108-1.1594 is reversal territory. This area includes the 4th waves of one and two less degrees as well as the 50% and 61.8% retracements of wave 3 from 1.2569 to .9647.”

It is in this large area that a reversal is expected. Zooming in on the 60 minute chart, a terminal thrust from a triangle is evident. This may be the top.