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