#USDCHF, H4 is above our Pivot, potential for a rise.
Description
Price may return to our Pivot point at 0.90971, which is in line with 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91563, in line with our 61.8% fibonacci extension and horizontal swing high. It is worth noting that MACD is above the 0-line, in line with our bullish analysis.
Pivot: 0.90971
Why we like it:
161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.90540
Why we like it:
50%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91563
Why we like it:
61.8% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Price may return to our Pivot point at 0.90971, which is in line with 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91563, in line with our 61.8% fibonacci extension and horizontal swing high. It is worth noting that MACD is above the 0-line, in line with our bullish analysis.
Pivot: 0.90971
Why we like it:
161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.90540
Why we like it:
50%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91563
Why we like it:
61.8% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
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