EURCHF: Wave IV Pullback Could Set Up a Move Toward 0.9600EURO / SWISS FRANCFX_IDC:EURCHFGoldenPearl_tradEURCHF has formed what looks like a clean Elliott Wave structure inside the ascending channel, with Waves I, II and III already developing clearly. After the strong Wave III rally, price is now pulling back sharply. This looks like a potential Wave IV correction, rather than a reversal of the broader bullish trend. I’m watching for this pullback to extend toward the lower boundary of the channel, where buyers could step back in before the next move higher. As long as price holds above the rising channel support, the bullish structure remains intact. The next upside target sits around 0.9600, where a potential Wave V would align closely with the upper boundary of the channel.