Analysis of wave counting:
In general, the expected, Friday European session, the USD/CHF pair began with an upward movement and, adding about 60 percentage points in price, reached 0.9935 in the afternoon. It can be assumed that the currency pair continued to make attempts to transition to the stage of formation of the first generating waves in the composition of the future wave c, in c, in a, in c. If this is so, and wave b, in c, in a, in C, still, will not take an even more complex form, the currency pair can continue to grow quotations in the direction of targets for the entire wave a, in C, located slightly above the level of price parity.
Targets for an upward wave option:
1.0004 - 127.2% by Fibonacci
1.0050 - 161.8% by Fibonacci
Targets for a downward wave option:
0.9801 - 38.2% by Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build an upward set of waves. The assumed wave b, in c, in a, in C, may have already completed its construction. Now the construction of the wave c, in c, in a, and in C has started and may continue with goals near the parity price and higher.
