USDCHF H1 | Bearish reversal
Title
USDCHF H1 | Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot of 0.8698, a pullback resistance close to 61.8% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 0.8609, a pullback support close to 61.8% Fibo retracement.
Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 0.8780, an overlap resistance
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