USDCHF is testing short-term Fib. resistance levels highlighted on Friday, where prices can slow down, but only temporary for wave four, which can find a base at the upper trendline of base channel; similar like red wave iv) of a lesser degree.
USDCHF, 1h
If USDCHF is going to see more upside after a set-back, then EURUSD will also remain in current decline of an impulsive wave c of B which can be headed to 1.1500/1.1530 area. However, be aware of 1.1650 resistance that can be tested within current wave four before fifth wave sell-off comes in.
EURUSD, 1h
