EURCHF - Elliott Wave updated

FX:EURCHF   Euro / Swiss Franc
Currency Pair: EURCHF
Frequency: 4H
Predicted Direction:

A double three sideway combination appear to recognise on the intermediate corrective Wave 4. This double three pattern is composed of the finishing 3-3-5 Flat correction and the zigzag transition, which are labeled as Wave (W) and (X), and now it has been forming the last corrective Wave (Y) either the triangles or the double zigzags pattern. It will expect the price will fall below 1.14 level and find support on the upward trendline above the resistance zone 1.12589 - 1.11992.

After the completion of the double three pattern, EURCHF will test the upper resistance level of 1.151/53. If the price breaks through and stands steady on that level, then the bullish momentum is confirmed.

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