Wave analysis
Alexander Dneprovskiy
During yesterday’s trading the USD/CHF currency pair could not continue the downside trading thus coming into a horizontal correction state. At the same time it seems that regardless the further development of the wave situation the price might resume declining at least to the 87 figure level (38.2% of the current correction). In the meantime the estimated 2nd wave (or b) at the moment looks a little simplified thus allowing it to be formed further, either in price or in timely respect.
http://instaforex.com/forex_analysis/41485/?x=OUE
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