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HomeContributorsTechnical AnalysisElliott Wave Analysis: USDCHF Trading Lower; 0.9682 Region Is In View

Elliott Wave Analysis: USDCHF Trading Lower; 0.9682 Region Is In View

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCHF is trading in a correction of a higher degree, a big EW triangle pattern, with price now specifically trading in final stages of this triangle correction in wave C) of E. That said more weakness is expected to follow from current levels, ideally down towards the 161.8 Fibonacci projection zone.

USDCHF, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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