EURCHF – Looking for the CD leg higher

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Monthly: EURCHF has staged a strong recovery since posting a low in January 2015. The rally has stalled, and a reversal posted from levels close to the 78.6% Fibonacci pullback of 1.2010. Swing low (previous support) is located at 1.1447. Marabuzo resistance (mid-point from the open and close) is located at 1.1745 Daily: We look for a bearish 5 wave Elliott wave count to be completed at 1.3...