$USDCHF Daily Elliott Wave Count
The USDCHF had an impressive rally up from the .91874 lows Feb 2018. It appeared to be creating a nice Elliott Wave Impulse higher but failed when it reach the round number resistance of 1.000. The move since has been a sideways correction that I do not believe is complete.
I believe we will see an expanded flat that could reach the 161.8% extension and the 50 back around .9630. On a smaller time frame it looks like we could have a possible Leading Diagonal that is complete and working on a wave 2 or B correction.
A break of .98671 and I believe we will see lower prices for the x wave.
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| USDCHF Daily Elliott Wave Count |