USDCHF, H4 facing bearish pressure, potential for further drop
Price is facing bearish pressure as it continues to hold below the Ichimoku cloud, in line with our bearish bias. We could potentially price pull back to our Pivot, in line with 38.2%, 61.8% Fibonacci retracement levels and horizontal pullback resistance, and reversing towards our 1st Support, in line with our 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support.
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