USDCHF hit new highs last week but then turned down very quickly. We however see prices reversing only down into a temporary corrective formation that is part of on-going trend. Notice that wave (iv) already retraced for 38.2% compared to wave (iii) so we assume that sooner or later uptrend will continue back to a new high and possibly to 0.9170 once triangle is broken.
USDCHF Elliott Wave Analysis
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