USD/CHF Ends Week Maintaining Short-term Bullish Momentum

By | June 17, 2011

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The USD/CHF did a 50% retracement of this week’s rally and found some support. This overlapped the 0.8464 pivot from earlier but I believe this does not fully invalidate the chance of an impulse wave development. Even if it overlapped, a nested 3rd wave can be developing. Therefore, the structure

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