Type: Bullish BounceKey Levels:Resistance: 0.92986Pivot: 0.92224Support: 0.91622Preferred Case:On the H4, with price expected to bounce off the support of the stochastics indicator and the descending channel, we have a bias that price will rise to our 1st resistance at 0.92986 in line with the 50% Fibonacci retracement from our pivot at 0.92224 in line with the horizontal overlap support and 127.2% Fibonacci extension.Alternative Scenario:Alternatively, price may break pivot structure and head for support at 0.91622 in line with the swing low support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-or-potential-for-a-rise31"
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