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 that a low is in place. As such, my bias has changed from flat to bullish. Confidence is not extremely high but is high enough given the reward / risk at this point.