Type: Bearish ReversalKey Levels:Resistance: 0.97979Pivot: 0.96372Support: 0.94604Preferred Case:We expect that price will potentially reverse from pivot level of 0.96372 in line with 161.8% fibonacci extension and -61.8% fibonacci expansion towards the 1st support level of 0.94604 in line with 38.2% fibonacci retracement.Alternative Scenario:Alternatively, price might break the key pivot level and head towards the 1st resistance level of 0.97979 in line with previous horizontal swing high resistance.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-potential-bearish-reversal"
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