The pair USD/CHF is still likely to fall Estimated pivot point is at a level of 0.9960.
Main scenario: short positions will be relevant from corrections below the level of 0.9960 with a target of 0.9656 – 0.9556.
Alternative scenario: breakdown and consolidation above the level of 0.9960 will allow the pair to continue the rise up to the levels of 1.0121 – 1.0228.
Analysis: Supposedly, an ascending correction of senior level in the form of the wave (2) finished developing on the daily time frame and wave (3) started forming. The first wave 1 of (3) is forming on…
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