USDCHF Wave Analysis – 03 December, 2019

December 03, 2019 at 02:17PM
  • USDCHF falling inside impulse wave 3
  • Likely to fall to 0.9865

USDCHF continues to fall inside the sharp impulse wave 3 , which started  recently from the resistance area lying between the resistance level 1.0010, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse wave (1).

The active impulse wave 3 belongs to the medium-term impulse sequence (C) from the start of October.

USDCHF is expected to fall further toward the next support level 0.9865 (low of the previous correction (b)).

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From: The FxPro Tech Analysis Team
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