USD/CHF: An Elliott Wave Outlook
Gregor Horvat | Feb 22, 2018 10:02AM ET
USD/CHF is currently unfolding an intra-day drop, away from 0.9408 level where sub-wave iii) of c found a top. As such current drop can be part of a minor pullback within wave iv), that can see support and a reversal around the Fibonacci ratio of 50.0. Once sub-wave iv) fully unfolds, a new rise into final leg v) of c may follow, with projection target of 0.947 level. At the mentioned region, a bigger correction can meet its end.
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