USDCHF H1 | Bullish Bounce off
Title
USDCHF H1 | Bullish Bounce off
Type
Bullish Bounce
Preference:
Price is falling toward the pivot of 0.8477, an overlap support. A bounce from this level could lead the price to rise to 1st resistance at 0.8565, a pullback resistance close to 50% Fibo retracement.
Alternative Scenario:
If price breaks below the pivot, it could fall to 1st support at 0.8418, a pullback support