Commentary: We have been looking to get bullish the USDCHF recently but the wave count on the daily chart argues for a drop to a new low (below 1.0886) before a larger recovery.
With price stalling near the 4th wave (iv) of one less degree, probability is high that the USDCHF is beginning a wave v decline to complete larger wave 3 within the 5 wave bearish cycle from 1.2468.
Strategy: Bearish, against 1.1353, target 1.0886