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USD/CHF: wave analysis on 01.12.2015

A decline is expected.

Assumingly, an upward impulse within wave (c) of y of B has finished forming. Locally, a starting wave of the junior level seems to be forming. If the assumption is correct, the pair continues declining to 1.0100-1.0000 and lower. A critical for this scenario is the level of 1.0329, the breakout of which would allow the pair to grow to 1.0400-1.0440.


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