rock and a hard place

Depending on the high correlation between the USD/CHF and the Eur/USD, I think we could see the pair slide to 1.215. Institutions have a strong long position that they need to take profits on, which will cause a drop in price before they buy more at a discounted rate. Harmonic pattern stands unconfirmed. Depending on what happens at market open I may decide to short then take it long at 1.21