USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9358.
Main scenario: Consider short positions from corrections below the level of 0.9358 with a target of 0.9100 – 0.9000.
Alternative scenario: breakout and consolidation above the level of 0.9358 will allow the pair to continue rising to the levels of 0.9464 – 0.9532.
Analysis: Supposedly, the descending third wave of larger degree (3) continues developing on the daily time frame, with wave 1 of (3) forming inside. On the H4 time frame, wave v of 1 is forming, with wave (iii) of v continuing to form…
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