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Elliott Wave Charting: Usd/Chf

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Elliott Wave Charting

Usd/Chf

Usd/Chf turned lower recently, after the last impulse wave found its highs at the 1.0800 zone. We are looking for a corrective decline towards the 1.0650 zone with a red wave ii), before the market can trade higher again into much larger wave iii.
A bullish bias remains in play so long as 1.0495 holds as a support.

TheLFB Charting: Usd/Chf 4h view

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Disclosure: Long Usd