Title
USDCHF H4 | Bullish Bounce off

Type
Bullish Bounce

Preference:
Price is approaching the pivot of 0.8457, a pullback support close to 61.8% Fibo retracement. A Bounce from this level could lead the price to rise to 1st resistance at 0.8534, an overlap resistance close to 38.2% Fibo retracement.

Alternative Scenario:
If price breaks below the pivot, it could fall to 1st support at 0.8404, a swing-low support level