Downtrend continues

The bearish correction within wave (2) of senior level continues to form. The third wave c of 2 is currently forming, with the third wave of junior level (iii) developing within its borders, supposedly. If this assumption is correct and the price does not break the critical level 0.9720, the pair will continue to decline to a level of  0.9100.

Trading tips

Sell the pair below a level of 0.9503 with a target at 0.9100.

Alternative scenario

Breakout and consolidation above the level of 0.9720 will allow the pair to continue rising to a level of 0.9860.

USD/CHF: wave analysis

USD/CHF: wave analysis




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