USDCHF surprised and turned impulsively to the upside yesterday from 0.8700 level. As such, we think that pair is still trapped in a corrective phase that can now be a flat if we consider a three wave decline from 0.8861. Ideally pair is now in wave (c) that may reach levels around wave (a) before we may turn bearish again.
USDCHF 4h Elliott Wave Analysis
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