USDCHF H4 | Bounce off 61.8% Fibo Projection

TitleUSDCHF H4 | Bounce off 61.8% Fibo ProjectionTypeBullish BouncePreference:USDCHF could bounce off the pivot at 0.85961, a pullback resistance, which also aligns with the 61.8% projection level, and rise to the 1st resistance level at 0.8708, the swing-high resistance level.Alternative scenario:Price could break the pivot and 61.8% projection level at 0.85961 and fall to 1st support at 0.8565, the 78.6% projection 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.