Elliott Wave Analysis: USDCHF and EURCHF 

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Elliott Wave Analysis: USDCHF and EURCHF

Despite sharp leg up on EURUSD, USDCHF is sitting at 61.8% Fib. support level so there is a chance for a bounce, but would need 0.9593 broken to confirm a new leg up. With that said, EURCHF may still be interesting, and maybe the best pair to track at this stage as pattern is pointing up to 1.1700 area.

USDCHF, 1H

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EURCHF, 1H

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Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.

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By Gregor Horvat

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