A triangle is probably unfolding right now in the USDCHF. The decline from the 1/22 high at 1.1122 is in 3 waves (A-B-C zigzag) and the rally from the 2/1 low at 1.0728 is also in 3 waves (complex W-X-Y advance). Expect price to work lower in a choppy manner towards the mid 1.08s over the next few weeks.
