Elliott Wave Analysis: USD/CHF Unfolding A Temporary Correction

Hi traders,A five-wave recovery on USD/CHF from 0.9541 level suggests that wave 1 of a higher degree had ended, and that a new temporary, three-wave correction can be in play. We are talking about wave 2, which can unfold a temporary a-b-c set-back and can later look for support and a bounce around 0.985 region, or deeper near the 0.974 level.USD/CHF, 4h

usdchf, 4h..

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