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USDCHF Correction Complete at 0.9460?
The current USDCHF structure resembles a bullish zigzag. The corrective pattern consists of primary waves Ⓐ-Ⓑ-Ⓒ. Wave Ⓐ was completed in an impulsive manner, whereas wave Ⓑ ended in a zigzag. Wave Ⓑ consists of intermediate sub-waves (A)-(B)-(C). At the time of writing, wave Ⓒ is under development. As part of the correction, we expect a decline in wave (2) near 0.9460. This is the support formed by minor wave A. Once the 3-wave pattern is complete, we can expect prices to move in wave (3). However, the final Ⓒ wave could complete near 1.010. The target would respect the tenancy of impulse waves Ⓐ and Ⓒ being equal. An ... (full story)