USDCHF Could Bounce From 0.9500-0.9400 Support Area

USDCHF is trading back at the levels from January highs so we assume that new swing high could be seen, especially if we consider an impulsive count from January lows. Ideally pair is making wave C) up, of a big three wave move that can stop somewhere around 1.0500. As such, at the moment current downward move can be just a corrective fourth wave that will be looking for a support near 0.9400/0.9500.
USDCHF 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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