Analysis of wave counting:
Having failed to form any significant downward correction, at the beginning of yesterday's European session, the pair USD / CHF resumed the upward movement and broke through the level of the 99th figure at the end of the day. Thus, it seems that the currency pair completed the 2nd wave, 3rd, C and already marked the beginning of the 3rd wave, 3rd, C. If this is the case, then the currency pair appeared good prospects, allowing it to continue the growth of quotations, at least to the level of price parity.
Targets for the upward wave option:
0.9961 - 61.8% of Fibonacci
1.0000
Goals for the downward wave option:
0.9850 - 0.9800
General conclusions and trading recommendations:
Wave counting is currently not entirely unambiguous. The increase in quotations may continue within the wave 3, 3, in the future C with targets near the estimated mark of 0.9961, which is equivalent to 61.8% of Fibonacci and above about 1.0000. Within the next correction wave, it is possible to withdraw quotes from the peaks reached with targets near the 0.9850 mark.
