Type: Bullish BounceKey Levels:Resistance: 0.97272Pivot: 0.95620Support: 0.94155Preferred Case:On the H4, with bullish divergence on the RSI, we have a bullish bias that price will rise from our pivot at 0.95620 where the horizontal swing low support is to our 1st resistance at 0.97272 in line with the horizontal swing high resistance and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may break structure and head for 1st support at 0.94155 where the 127.2% Fibonacci extension is.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdchf-h4-or-potential-bullish-bounce29"
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