Type: Bearish ReversalKey Levels:Resistance: 0.93698Pivot: 0.93086Support: 0.92132Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our pivot of 0.93086 in line with the 161.8% Fibonacci extension, 100% Fibonacci projection and 61.8% Fibonacci retracement to our 1st support at 0.92132 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 0.93698 in line with the horizontal swing high resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-i-potential-drop6"
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