Swiss Franc Technical Outlook

Whereas the EURUSD has yet to exceed its March high of 1.3742, the USDCHF has already dropped below its March low of 1.1157. In other words, minimum expectations have been met for wave Y. So, it is possible (but not probable given the patterns the other USD crosses) that a low is in place. A drop below 1.0976 would expose Fibonacci support at 1.0925.