Title

USDCHF M15 I Bullish Bounce

Type

Bullish Bounce

Preference:

The price is falling from the pivot level of 0.8509, which acts as an overlap support level close to the 50% Fibo retracement. A bounce from this level might cause the price to rise to the 1st resistance level at 0.8624, a pullback resistance.

Alternative Scenario:

If the price breaks below the pivot, it may fall to the 1st support level at 0.8459, which acts as an overlap support.