A fall possibility remains.

Assumingly, the formation of wave C within the second wave of the senior level continues. Presently, a correction as wave (ii) of C seems to have finished and the third wave (iii) is forming, within which the first wave of the junior level i of (iii) seems to have finished. If the assumption is correct, the pair continues falling towards the levels of 0.9300, 0.9200 after local correction ends. A critical for this scenario is the level of 0.9840.

Trading tips

Sell the pair below the level of 0.9840 with targets at 0.9300, 0.9200.

Alternative scenario

The breakout and consolidation above the level of 0.9840 would allow the pair to grow to 1.0000.

USD/CHF: wave analysis

USD/CHF: wave analysis

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