Please see my post from January 27 here first.
As is the case with EUR/CHF nothing has changed since my last post. The expanding flat correction is developing nicely and as expected. We are still in the very early parts of wave C lower. This wave C should be in five waves. The ideal target for the ongoing correction is close to 1.4051, where we will find both the 38.2% corrective target of the rally from 1.1605 to 1.5597, but also the bottom of wave 4 of one lessor degree.
Short term I will look for a break below 1.5030 to confirm the expected decline lower.
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