USD/CHF: Elliott wave analysis and forecast for 05.07.24 – 12.07.24

Key takeaways Main scenario: consider short positions from a correction below the level of 0.9050 with a target of 0.8730 – 0.8325. A sell signal: after the level of 0.9050 is broken. Stop Loss: 0.9150, Take Profit: 0.8325. Alternative scenario: breakout and consolidation above the level of 0.9050 will allow the pair to continue rising to the levels of 0.9226 – 0.9451. A buy signal: after the level of 0.9050 is broken. Stop Loss: 0.8950, Take Profit: 0.9451.Main scenarioConsider shor