A fall is expected.

Assumingly, an upward correction within wave ii of C has formed. Locally, the third wave iii seems to be beginning forming, within which a starting wave of the junior level is developing. If the assumption is correct and the price does not break out the critical level of 1.0121, the pair continues falling in the third wave towards 0.9500.

Trading tips

Sell the pair below the level of 1.0121 with the target at 0.9500.

Alternative scenario

The breakout and consolidation above the level of 1.0121 would allow the pair to grow to 1.0300, 1.0500.

USD/CHF: wave analysis

USD/CHF: wave analysis

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