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Elliott Wave Charting: Usd/Chf Searching for Support

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Elliott Wave Charting


No change on Swissy. The pair is still looking for the low of a corrective flat pattern shown in our red wave 2). Recently the pair hit the 61.8% Fibonacci support revel, from where some upside pressure may be seen in the near-term.

The next import support zone that traders should pay attention to is at the 1.0600-1.0640 zone.

Any break through the 1.0897 top will suggest that corrective wave 2) is already finished and a new up-trend is in progress.

TheLFB Charting: Usd/Chf 4h view

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