USD/CHF: Wave analysis and forecast for 19.02 – 26.02: Downtrend continues.
Estimated pivot point is at the level of 1.0254.
Our opinion: Sell the pair from correction below the level of 1.0254 with the target of 0.9470.
Alternative scenario: ПBreakout and consolidation of the price above the level of1.0254 will allow the pair to continue the rise up to the level of 1.05.
Analysis: Presumably, the formation of the downward momentum continues in the third wave iii of C. Locally, it is likely that the first wave of the junior level (i) of iii has completed and upward correction (which has a shape of a zigzag), as the wave (ii) is nearing completion. If this assumption is correct, after the completion of the correction, the pair can continue to rise up to 0.95. Critical level for this scenario is 1.0254.