The drop from .9157 was impulsive and in 5 waves. We have now recovered in 3 waves,
so the odds is that we will see more downside.
Price needs to take out .9005 (look below to see why) to confirm that the market
have indeed completed a 3 wave sequnence to the upside.
As long a price is above .9005 there is a chace that the 5 waves decline
was a wave C in a flat (look below for the alt. count).
The USD index is more clear, and it favors the flat count
My best count is that the move to .9080 was a leding diagonal wave a or 1. That means
that USDCHF should remain bullish above .8902.
At this current moment, only a break below .8902 would put the main count back into play.