USDCHF completed a seven-swing correction within a bigger leg E at the 0.918 area, from where a sharp recovery started developing. This rise is first evidence of a completed leg E, and that further upside may follow, ideally in a bigger five-wave cycle. That said, be aware of temporary pullbacks within the unfolding uptrend, speaking of which, first one or the right shoulder of a potential head&shoulder formation can be underway with possible support/bullish turn at the 0.945/0.939 zone. That said, a rally in five waves of a lesser degree would suggest a bullish continuation.
USDCHF, daily
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