The pair is expected to decline.

Supposedly, the bullish impetus on H4 timeframe has finished.  Apparently, a bearish correction in a form of wave 2 is forming locally to the target level of 50% (0.8818). If this assumption is correct and the price does not break the critical level 0.9760, it's logical to expect the pair to continue declining within a wave c of a supposed zigzag.

Trading tips

Sell the pair from correction below a level of 0.9760 with a target at 0.8818.

Alternative scenario

Breakdown and consolidation above the level of 0.9760 will allow the pair to continue rising to a level of 1.0130.

USD/CHF: wave analysis

USD/CHF: wave analysis




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