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Euro / Swiss Franc
Short

Euro bearish guard against Swiss franc

By PCMBrokers
At the same time as the price hits the ceiling of the descending channel, it has formed a AB=CD pattern as well as 5 rising Elliott waves. Between wave 3 and 5, we see the formation of negative divergence in the RSI indicator. It is expected that we will see the price fall at least to the Fibonacci range of 23%.
Chart PatternsEURCHFeurchfshorteuroHarmonic PatternsshortsetupswissfrancTrend Analysis
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