Analysis of wave counting:
On the wave of yesterday's dollar sales, the pair USD / CHF lost about 100 pp, breaking through the mark 0.9550, and fell to 0.9525 in the afternoon. Thus, it can be assumed that the currency pair remained in the stage of forming the wave c, c, E, B, in which its internal wave c assumed a much more complicated form. If this is the case, the currency pair will not be able to make a turn almost from the minimums of the past day, then in the course of the development of the wave с, с, с, с, Е, В, the currency pair will continue to decline quotes to the level of 0.9440.
Targets for an upward wave option:
0.9687 - 100.0% by Fibonacci
0.9750 - 0.9800
Targets for a downward wave option:
0.9440 - 0.9400
General conclusions and trading recommendations:
The wave c, c, E, В complicates its internal wave structure. Thus, now it is expected to lower quotations within the framework of this wave with the goals located around 94 figures. The wave c, c, E, B can take an even more complicated form, after it is completed we can expect a prolonged increase in the wave C.
