EURCHF : It's a Seller's Market !

EURCHF is currently trending inside the Motive Wave 3 of the applied Elliott Wave Theory after it was confirmed by the retracement of Fib Level 0.618 on the Motive Wave 1 and the EMA 20 & 50 Crossover. It is most likely to continue the bearish trend until around 1.06050 where the trend will reverse to create the Corrective Wave 4. It is good to sell in the middle of the Motive wave 3 around 1.07000 and close positions around 1.06050 where the Motive Wave 3 will come to an end before the Corrective Wave 4 begins.