Title
USDCHF D1 | Bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 0.869, a pullback resistance close to the 38,2% Fibonacci retracement level. A reverse from this level could lead the price to fall to 1st support level at 0.8448, which is considered a swing-low support level.

Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 0.8835, a pullback resistance level close to 61.8% Fibo retracement.

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