USDCHF fell to a new low in this week and now reversing sharply to the upside. We adjusted the wave count and already have five waves down in wave (c) so pair could continue higher if we consider an ending diagonal on a daily chart where each leg is made by three waves! However it would too soon to turn bullish on USDCHF as long as 0.9076 level is in place. We need an overlap with this level to invalidate alternate scenario of blue wave (iv) as labeled on the chart.
USDCHF Elliott Wave Analysis 4h
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