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Eur/Chf Down To 1.2 Psychological Level

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Jun 09 2011

Eur/Chf is in a recovery mode, but a very low volume and price structure suggests that this bounce from the support will not last long. From an Elliott Wave perspective, we see pair trading in wave (4), which is part of incomplete impulsive structure. Wave (5) lower should take place in the near future, targeting 1.2 psychological level, while pair trades below highest channel resistance line.



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