The pair is likely to grow in USD / CHF. Estimated pivot point is at the level of 0.9907.
The main scenario: “long positions” are relevant to the correction above the level of 0.9907 with the aim of 1.0073 - 1.0126.
Alternative scenario: a breakdown and price fixing below 0.9907 will allow the pair to continue to decline to 0.9834 - 0.9714.
Analysis: Presumably, the first wave of the senior level (1) of 3 was formed within the daily timeframe and the development of the downward correction (2) of 3 was completed. On the 4-hour timeframe, the first one-two wave of i of 1 of (3) continues to develop as an impulse. Within the hourly timeframe, apparently, the fifth wave of the junior level (v) of i is being formed. If the assumption is correct, the pair will continue to grow in the short term to the levels of 1.0073 - 1.0126. Critical level for this scenario is 0.9907.
The main scenario: “long positions” are relevant to the correction above the level of 0.9907 with the aim of 1.0073 - 1.0126.
Alternative scenario: a breakdown and price fixing below 0.9907 will allow the pair to continue to decline to 0.9834 - 0.9714.
Analysis: Presumably, the first wave of the senior level (1) of 3 was formed within the daily timeframe and the development of the downward correction (2) of 3 was completed. On the 4-hour timeframe, the first one-two wave of i of 1 of (3) continues to develop as an impulse. Within the hourly timeframe, apparently, the fifth wave of the junior level (v) of i is being formed. If the assumption is correct, the pair will continue to grow in the short term to the levels of 1.0073 - 1.0126. Critical level for this scenario is 0.9907.