Analysis of wave counting:
In general, it is expected that during the yesterday's European session, the pair USD / CHF started with an upward movement and returned to the level of 0.9685 in the afternoon. It can be assumed that the currency pair continued to form the first generating waves in the composition of the 3rd wave, in the 3rd, and in C. At the same time, despite such a significant increase from June 30, there is still a possibility of resumption on the decline in quotations and an even more complicated internal wave structure of the wave c, c, e, e.
Objectives for an upward wave option:
0.9687 - 100.0% by Fibonacci
0.9750 - 0.9800
Objectives for a downward wave option:
0,9555 - 127.2% by Fibonacci
0,9500
General conclusions and trading recommendations:
Wave counting assumes the completion of the downward wave c, c, E, B. Thus, now the quotations are expected to increase within the first waves in the future C with the first targets located near the mark of 0.9687, which corresponds to 100.0% Fibonacci, and above about 98 figures. The wave E and B may well complicate its internal structure even more, but at the moment it looks quite complete. Leaving below 0.9555 points to an even more complicated wave E and B.
