Main scenario:\u00a0<\/strong>short positions will be relevant from corrections below the level of\u00a0 0.9389 with a target of 0.9120 and lower.<\/p>\n Alternative scenario:<\/strong>breakout and consolidation above the level of\u00a0 0.9389 will allow the pair to continue rising to a level of 0.9640.<\/p>\n Analysis:<\/strong>\u00a0Supposedly, a downward trend within the third wave of senior level (3) continues to develop within the 4-hour time frame. Apparently, the first wave 1 of (3) is forming now, with the wave iii of 1 of junior level developing within. If this assumption is correct, the pair will go on dropping to the level of\u00a0 0.9120 and lower. The level 0.9389 is critical in this scenario.<\/p>\n USD\/CHF Wave analysis and forecast for 02.02 – 09.02 Estimated pivot point is at a level of\u00a0 0.9389. Main scenario:\u00a0short positions will be relevant from corrections below the level of\u00a0 0.9389 with a target of 0.9120 and lower. Alternative scenario:breakout … Continue reading ![\"\"](\"http:\/\/www.forexguru.pk\/wp-content\/uploads\/2018\/02\/USDCHFH1.png\")
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