FX.co ★ The USD/CHF wave analysis for February 21, 2011

On Friday the USD/CHF currency pair continued to form inner wave structure of the estimated с wave (or 3rd) of the current downside section. At the same time, due to the fact that the correction level 76,4% is actually passed, we can suppose that the с wave is completing. If so, the price can reverse from the current levels up and form a new upside section.