USDCHF: Sideways Within Uptrend; Be Aware Of a Break Higher

USDCHF is slow, choppy and sideways for the last few days which is a personality of a corrective price action. Therefore, we think that USDCHF is trapped in a wave four position, which could be forming a triangle in 0.9580-0.9760 range. If that’s the case then pair will stay sideways another day or two and then break sharply higher, into wave 5) that could lift the pair to 0.9830/0.9860 region based on our Fibonacci projected levels.

USDCHF Elliott Wave Forecast

Don't miss out, Special offer for new members
FREE 7-DAY TRIAL

For more analysis visit us at http://www.ew-forecast.com/