LiteForex - Analytics


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USD/CHF: wave analysis on 11.06.2015

Supposedly, the fifth wave continues to form within a bearish diagonal-shaped 5-wave structure. Apparently, a correction of junior level in a form of wave (ii) of v has finished locally and the third wave has started to develop. If this assumption is correct and the price does not break the critical level 0.9500, it's logical to expect the pair to continue declining to the levels 0.9130–0.8820. 


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