USDCHF H4 | Bounce off 61.8% Fibo Projection


Title
USDCHF H4 | Bounce off 61.8% Fibo Projection

Type
Bullish Bounce

Preference:
USDCHF could bounce off the pivot at 0.85961, a pullback resistance, which also aligns with the 61.8% projection level, and rise to the 1st resistance level at 0.8708, the swing-high resistance level.

Alternative scenario:
Price could break the pivot and 61.8% projection level at 0.85961 and fall to 1st support at 0.8565, the 78.6% projection level.

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