The price continues to move down, but the USDCHF chart shows signs that the downward momentum is likely to end soon.
The medium-term movement vector of USDCHF indicates the formation of a Triple Three wave structure. Now the formation of the wave [xx] is completed and the beginning of an upward movement within the wave [z] is expected.
According to a smaller time-frame, the market moves within the ABC zigzag. Currently, the price is completing the formation of the wave (c) apparently and the price movement may move into a new wave formation.
To summarize, at the moment the USDCHF chart is maintaining a downward movement vector. However, the corrective wave is in the final stage of formation.
In this situation, long positions are prioritized.
USDCHF H1: Wave Analysis for the European Session on 14.7.2025
