Title

USDCHF  H1  | Bullish Rise 

Type

Bullish Rise

Preference:

price is currently at the pivot of 0.8579, an overlap support close to 50% Fibonacci retracement.  A bounce from this level could lead the price to rise to 1st resistance at 0.8593, a pullback resistance level 

Alternative Scenario:

If price breaks below the pivot, it could drop to 1st support at 0.8567, a pullback support level.