USDCHF H4 | Bouncing Off Support?

TitleUSDCHF H4 | Bouncing Off Support?TypeBullish BouncePreference:The price is falling toward our pivot point of 0.9000, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 0.9064, a pullback resistance.Alternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 0.8949 also an overlap support level that aligns with the 61.8% Fibo retracement,To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.