Sunday 8 December 2013

USD/CHF Wave analysis and forecast for 06.12 – 13.12: Flat correction is being formed. The pair is likely to grow.Estimated pivot point is at the level of 0.8890.Our opinion: Wait for the completion of the local correction and buy the pair in case of reversal above the level of0.8890 with the target of 0.9320 – 0.94.Alternative scenario: Breakout and consolidation below the level 08889 will enable the pair to continue decline to the level of 0.88.Analysis: Presumably, ascending correction in the fourth wave, which seems to take shape of the plane a.b.c., is being formed. If this assumption is correct, the pair may continue to grow up to the level of 0.93.


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