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FX.co ★ USD/CHF wave analysis for February 3, 2011

USD/CHF wave analysis for February 3, 2011

USD/CHF wave analysis for February 3, 2011

The USD/CHF currency pair did not succeed to fixate below the correction level 88.6%. As a result it advanced more than 1 figure from yesterday’s lows. It is worth mentioning that if the price does not start forming a more complex inner structure of the 5th wave in the c, in the estimated B, the pair might initiate a rollback to the levels near the 95 figure.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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