USDCHF Wave Analysis – 03 December, 2019
December 03, 2019 @ 17:17 +03:00
- USDCHF falling inside impulse wave 3
- Likely to fall to 0.9865
USDCHF continues to fall inside the sharp impulse wave 3 , which started recently from the resistance area lying between the resistance level 1.0010, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse wave (1).
The active impulse wave 3 belongs to the medium-term impulse sequence (C) from the start of October.
USDCHF is expected to fall further toward the next support level 0.9865 (low of the previous correction (b)).