Another attempt to test the correction level 0.9540 resulted in the USD/CHF thrown back from the day’s lows by 1.5 figures. This scenario supposes the possibility of developing upside movement in the direction of January 11 high (0.9783). At the same time the whole correction structure of the 2nd wave (or b) might be considered complete.
Friday, January 21, 2011
USD/CHF | Wave Technical Analysis | 21 January 2011
USD/CHF | Wave Technical Analysis | 21 January 2011
Another attempt to test the correction level 0.9540 resulted in the USD/CHF thrown back from the day’s lows by 1.5 figures. This scenario supposes the possibility of developing upside movement in the direction of January 11 high (0.9783). At the same time the whole correction structure of the 2nd wave (or b) might be considered complete.
more USD/CHF Technical Analysis
Another attempt to test the correction level 0.9540 resulted in the USD/CHF thrown back from the day’s lows by 1.5 figures. This scenario supposes the possibility of developing upside movement in the direction of January 11 high (0.9783). At the same time the whole correction structure of the 2nd wave (or b) might be considered complete.