Title:
USDCHF Day I Falling from Fibo confluence?

Type
Bearish Reversal

Preference:
The price is rising toward our pivot point of 0.8886, which serves as a pullback resistance level aligning with the 38.2 and 50% Fibonacci.

A reversal from this point could lead the price to drop to the 1st support at 0.86199

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 0.9126, which is also just slightly above a swing-high resistance level.

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