USD/CHF Mid-Day Outlook

USD/CHF's break of 1.0615 suggests that fall from 1.0785 is completed. Intraday bias is flipped back to the upside for 1.0785 resistance first. As discussed before, correction from 1.0897 should have completed with three waves down to 1.0434. Break of 1.0785 will affirm this case and bring retest of 1.0897....