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FX.co ★ Wave analysis of USD/CHF for 9 June 2010

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Forex Analysis:::2010-06-09T12:00:00

Wave analysis of USD/CHF for 9 June 2010

Wave analysis of USD/CHF for 9 June 2010

Yesterday, the USD/CHF price continued to be in the correctional area, forming a wave structure of the 2nd correctional wave in the assumed 5th. At the same time, the quotations drew down deeply enough that let to think about its coming end and a new part of Up-trend beginning within the 3rd wave in the 5th. If such variant of possible development of further situation is confirmed, then, as we have already mentioned, the target of this 3rd wave can be the level of 1.1775.

Analyst InstaForex
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