USD/CHF is in a sharp rise for the last couple of weeks with increasing bullish momentum since market found support at 0.9640 so it appears that the strong bullish trend is in progress now. In fact, we can count five waves up from 0.9640 which is the structure of an uptrend, so we can expect more upside after any three waves of retracement. Yesterday, the market fell sharply from the 1.0000 psychological level, which could be a signal for an upcoming A-B-C retracement.
USD/CHF, 4H
