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Usd/Chf WeaknessTop ↑  Mar 16 2011 Usd/Chf moved lower as expected, fell sharply into a wave 5 leg once a contracting triangle was finished around 0.9370. We know that triangle appears prior to the final move of the larger pattern. If that is the case, then our wave 5 must be a final leg of an impulsive decline from 0.9770 region, which means that temporary lows are likely very near. We also know that after every five wave structure, makret forms at least three waves in the opposite direction. Generally speaking, bears are losing strenght, so do not be surprised if pair reverses from the lows in coming sessions/days. Huge support and psychological level stands at 0.9000/100 region.  *This is a free content, taken from www.ew-forecast.com members area Video tour of our product offerings Follow us on Twitter or Facebook Subscribe to our newsletter Newsletter archive
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