[B]Commentary[/B]: The wedge idea that we have focused on in recent days seems to be working. "The decline from 1.2165 could be a diagonal (wedge) in the B position in a large A-B-C correction from 1.1960.
This would suggest that wave C will exceed 1.2165 before the next leg lower occurs." Exceeding 1.2165 satisfies minimum expectations. The 50% of 1.2468-1.1960 at 1.2214 is a potential reversal point. We are least confident in the USDCHF pattern and see better opportunities elsewhere. [B]Strategy[/B]: Flat