Bullish movement on EUR/CHF since start of February can be labelled as a bigger impulse, which is currently unfolding sub-wave 3 of five. Sub-wave 3 can see resistance around the 1.2005/1.2007 region, but only after its corrective leg iv fully unfolds. At the moment this is not the case, as we still see price unfolding it minor three-wave drop and later looking for support, ideally around the Fibonacci ratio of 38.2 or 50.0.
EUR/CHF, Daily
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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