Wave analysis of the USD / CHF currency pair for August 8, 2017

Analysis of wave counting:

The low activity of yesterday's trading did not allow the pair USD / CHF to continue the development of the upward movement, therefore, until the end of the day it was within a very narrow range, with a maximum amplitude of price changes of about 30 pp.

Objectives for the option with an upward wave:

0.9750 - 0.9800

0.9900

Targets for a downlink wave option:

0,9555 - 127,2% on Fibonacci basis

0,9388 - 161,8% by Fibonacci

General conclusions and trade recommendations:

The wave E, in B supposedly completed its construction.