Type: Bearish ReversalKey Levels:Resistance: 0.96639Pivot: 0.96326Support: 0.94711Preferred Case:Price is near to the key pivot level. We expect that price will potentially reverse from the pivot level of 0.96326 in line with 161.8% fibonacci extension towards the 1st support level of 0.94702 in line with 23.6% fibonacci retracement.Alternative Scenario:Alternatively, price might break the pivot level and rise towards the 1st resistance level of 0.96639 which lines up with -61.8% fibonacci expansion.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-or-potential-bearish-reversal"
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