Analysis of wave counting:
At the beginning of the Friday's trading, the pair USD / CHF still began to decline and only after reaching the level of 0.9535 rolled back more than 100 percentage points from the minimum of the European session. The resulting wave situation allows us to assume that the currency pair has made another attempt at the end of wave b, a, C and the transition to the stage of formation of the first generating waves in the composition of the future wave c, a, c, whose design purposes can extend up to to the level of 98th, or even 99th figure.
The targets for the upward wave option:
1.0004 - 127.2% of Fibonacci
1.0050 - 161.8% of Fibonacci
The objectives for the downward wave option:
0.9565 - 76.4% of Fibonacci
0.9500
General conclusions and trading recommendations:
The currency pair continues to build an upward set of waves. The assumed wave b, a, C, may have completed its construction. If this assumption is true, then the increase in quotations will continue with the goals near the price parity. The wave b, a, C may well complicate its internal wave counting again.
