USD/CHF: Elliott Wave Analysis and Forecast for 25.04.25 – 02.05.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8580 with a target of 0.7800 – 0.7600. A sell signal: the level of 0.8580 is broken to the downside. Stop Loss: above 0.8650, Take Profit: 0.7800 – 0.7600. Alternative scenario: Breakout and consolidation above the level of 0.8580 will allow the pair to continue rising to the levels of 0.8857 – 0.9195. A buy signal: the level of 0.8580 is broken to the upside. Stop Loss: below 0.8520,