15 Apr 2015
USD/CHF aiming to break above 0.9863 – EW-Forecast
FXStreet (Barcelona) - According to Gregor Horvat of EW-Forecast, the wave structure in USD/CHF suggests the pair might make a run higher to break above 0.9863.
Key Quotes
“USDCHF is showing same wave structure, pointing to stronger USD as reversal down from the high seems corrective, possibly already completed because of recent bounce from 0.9673 support that we highlighted it yesterday, in our updates.”
“We believe that sooner or later pair will break above 0.9863.”
“If current decline will go more complex than just an A-B-C, then next support would be at 0.9630 (61.8%).”
Key Quotes
“USDCHF is showing same wave structure, pointing to stronger USD as reversal down from the high seems corrective, possibly already completed because of recent bounce from 0.9673 support that we highlighted it yesterday, in our updates.”
“We believe that sooner or later pair will break above 0.9863.”
“If current decline will go more complex than just an A-B-C, then next support would be at 0.9630 (61.8%).”