USDCHF H4 | Potential resistance at 50% Fibo

Title
USDCHF H4 | Potential resistance at 50% Fibo

Type
Bearish Reversal

Preference:
Price could approach the pivot point at 0.90059 and potentially reverse to drop towards the 1st support at 0.89555.

Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 0.9034.

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Source: Tickmill

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