USDCHF, H4 I Potential Drop

30335 usdchf h4 i potential drop

Type: Bearish ReversalKey Levels:Resistance: 0.92008Pivot: 0.91795Support: 0.91316Preferred Case:With price moving below the ichimoku cloud, we have a bearish bias that price will drop from our pivot of 0.91795 in line with the 50% Fibonacci retracement level to 1st support at 0.91316 in line with the 50% Fibonacci retracement level.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 0.92008 in line with the 61.8% Fibonacci retracement.

Source: Tickmill

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