Swiss Franc Technical Outlook

We’ve altered the count slightly. To review; “under the preferred count, the 3 wave rally from .9647 was wave W in a complex correction.

The choppy decline from above 1.06 serves as wave X and wave Y is underway now. Expect the advance to reach 1.10 (former 4th wave and wave Y = wave W at 1.0986).” The advance from 1.0010 is now viewed as a series of 1st and 2nd waves (the inverse of the EURUSD from 1.6039). Expect strength to continue with 1.0403 remaining intact. The objective is near 1.10 (Fibo measurement is at 1.0986).