Title

USDCHF H4 | Potential  bullish reversal

Type
Bullish Bounce

Preference:
Price has bounced off our pivot at 0.91344, which is an overlap support level along with a 76.8% Fibonacci retracement level. If price were to reverse, it could potentially rise towards the 1st resistance level at 0.92325, which is also an overlap resistance level.

Alternative scenario:
However, if the price breaks below the pivot, it could drop to the 1st support level at 0.90706. which is a swing low support level.

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