EURCHF – LONG @ Fib Retracement 0.5 – 0.618
Euro Fx/Swiss Franc FX:EURCHF
As we can see, EURCHF has broken out of its downward trend, by using the Elliot Wave Theory we can determine that a corrective Wave 2 is currently forming.
Once we see this retracement hit FIB levels 0. 5-0 .618 we can then safely place a BUY TRADE between 1.60300-1.60250 to prep for the impulsive wave 3.