USDCHF Day I Falling from Fibo confluence?

Title:USDCHF Day I Falling from Fibo confluence?TypeBearish ReversalPreference:The price is rising toward our pivot point of 0.8886, which serves as a pullback resistance level aligning with the 38.2 and 50% Fibonacci.A reversal from this point could lead the price to drop to the 1st support at 0.86199Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 0.9126, which is also just slightly above a swing-high resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.