$USDCHF holds 0.8931 for new lows

USDCHF is showing an 11 swing structure down from 0.9157 January high when 0.8931 was 2nd wave (( x )). As far as price stays below this level or pivot at this level keeps holding, we like more downside in the pair toward 0.8642 – 0.8697 from where we should see a bigger recovery in the pair. Short-term, pair is showing 3 waves up from 0.8774 low, we are expecting sellers to appear between 0.8834 – 0.8870 region. Only a break of 0.8931 would negate this wave count and suggest cycle from January high (0.9157) has ended already

Click HERE to start you 14 DAY TRIAL or take advantage of 2 Months for the Price of 1 Offer

 

[jwplayer mediaid=”162876″]

 

Back

Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *