We wrote Friday that, “if the bullish count is correct, then the USDCHF is tracing out an expanded flat and price must remain above .9871.
Potential short term support is .9983/1.0018.” The low was registered at 1.0012 and the rally from there is unfolding in impulsive fashion; which confirms the bullish bias. Risk on longs is now at 1.0012.
