EURCHF: Strong bearish wave

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EURCHF is bearish on its 1D technical outlook (RSI = 32.579, MACD = -0.004, ADX = 41.175) being on a strong bearish wave inside its Channel Down. We estimate to complete a symmetric -8.33% decline from the top, as the previous wave did (TP = 0.91100).

See how our prior idea has worked out:

EURCHF: Hit the 1D MA200. Rejection imminent.


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