USDCHF broke to the upside in this week, above 0.8955 and extended gains with accelerating price action to 0.8980 that can be wave (iii) as part of a new five wave bullish cycle. In that case we see room for a push up to 0.9050/0.9070 area that can be reached by the end of July. In the meantime pair must stay above 0.8897 invalidation mark, otherwise swings will go sideways and complex.
USDCHF Elliott Wave Analysis
