Based on the wave analysis, the recent price development seems to be showing signs that we can expect a move to the upside soon - either as a deeper retracement, or as a reversal to the upside.
1) Price has now reached the 123.6% level from the 1.0300 high, potentially completed the WXY structure.
2) On a smaller degree, price is currently very near to hitting the 161.8% level from the 1.0170 high, potentially completing a small degree WXY structure.
3) We are also seeing the potential of an forming with the 5th wave down; coupling with a divergence in .
These few factors gave me the reasons to believe that we might be seeing some buying pressure on USDCHF soon.
P.S. This does not necessarily mean I am buying up USDCHF . Have a plan and trade your plan.