Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

USDCHF Elliott Wave Analysis: Correction Still In Progress

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

Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service