USDCHF and EURUSD are negatively correlated, which means if one makes a turn and goes higher, the other one will likely turn lower at the same time.
We see USDCHF. which can also be trading in a flat correction as EURUSD, but in a reversed one. We see recovery from 0.9256 as sub-wave a, followed by a sharp drop as b and now rally from the lows indicates that maybe blue wave c of 4 can be in progress. As such price can rally towards the 0.9473 level, before final drop lower comes in play as black wave 5 of C).
USDCHF, 4H
EURUSD, 4H
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