EUR/CHF (2H). | Elliott Wave Structure

📊 Technical Structure (2H)

✅ Channel structure remains intact
✅ Wave (4) nearing completion within resistance
✅ Strong sell zone between 0.9345–0.9363

📌 Downside Targets

First: 0.93129

Final: 0.92721


🔻 Invalidation Zone

Above: 0.93634 (Break above would invalidate current wave count)



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📈 Market Outlook

EUR Weakness: Dragged by soft PMIs and ECB's dovish stance.

CHF Strength: Risk-off flows favoring Swiss Franc demand.

Structure: Elliott Wave alignment supports further downside.



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⚠️ Risks to Watch

Breakout above 0.9364 invalidates bearish count

Sudden shift in SNB or ECB policy stance

Broader EUR strength spilling into crosses



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🧭 Summary: Bias and Watchpoints

EUR/CHF is likely to resume its downtrend from the current resistance zone, with a Wave (5) extension aiming toward 0.9272. While the setup offers a clean R:R, tight risk control is crucial above 0.9364. Watch for confirmation candles and bearish reaction from the red zone.


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