Elliott Wave Analysis: USDCHF Aiming For 0.9400: More Downside Expected
Gregor Horvat | Jul 24, 2017 09:57AM ET
USD/CHF can be trading in final stages of a bigger impulse to the downside. We are talking about final wave 5, which usually consists out of five sub-waves(not in ending diagonals). That said, as we can see current decline can be blue wave three in the making that can extend its weakness towards the 0.9400 region. From there a new three wave reversal higher into blue wave four can come in play.
USD/CHF, 1H
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