EUR/CHF currency pair analysis

The descending wave structures are truncated. The Awesome Oscillator indicator displays a bullish divergence, and the Stochastic Oscillator indicator signals oversold. A reversal wave pattern is likely to be formed.

Trading idea:

Buy on the formation of an ascending wave structure, where wave (A) breaks the pivot 2 of wave C (0.9663).

Stop Loss under the local minimum of the descending wave structure.

Target levels: 0.9720; 0.9780.

Author: GC
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