USD/CHF - Expect acceleration higher soonUSD/CHF - Expect acceleration higher soon

USD/CHF expect acceleration higher soon

We have seen a nice five wave rally of the 0.8858 low and after a minor correction to 0.8925, which ideally will protect the downside for the next rally higher to 0.9037 on the way higher towards 0.9400 and 0.9839 as the next major upside targets.

Should the minor support at 0.8925 be broken, when expect only slightly more downside price-action closer to 0.8894 before renewed upside pressure takes over again.

Only an unexpected break below 0.8858 will delay the expected upside for a move slightly lower to 0.8829 before higher again. 

Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...
Duane
2014-05-26
Great job this week!! Wish that I had more capital to capitalize on all of your great calls! The ones that I have managed to catch have been extremely profitable. I really appreciate you sharing you v...
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani