Swiss Franc Through 1.2215 Would Make 5 Waves

[B]Commentary:[/B] Please see yesterday?s commentary for longer term analysis (daily chart). A push through 1.2215 will make the rally from 1.1815 5 waves and indicate that a longer term bull trend is underway. Near term bullishness is limited though as the rally through 1.2215 will complete larger wave 1 and give way to a corrective decline in larger wave 2. That will offer an opportunity.

[B]Strategy:[/B] Flat