EURCHF is approaching strong support at 1.1521 ( structure, ) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance ( , horizontal overlap resistance).
(55,5,3) is seeing major support above 4.2% where a corresponding bounce could occur.
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This analysis is provided as general market commentary and does not constitute investment advice.