USDCHF, H4 bounced our Pivot, potential for a rise.

Description
Price has bounced from our Pivot point at 0.94202, which is in line with 127%, 50% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94827, in line with 161.8% fibonacci retracement and 161.8%, 100% fibonacci extension. It is worth noting that price is above the Ichimoku cloud, in line with our bullish analysis.

Pivot: 0.94202
Why we like it:
127%, 50% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap

1st Support: 0.93819
Why we like it:
127%, 50% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.

1st Resistance: 0.94827
Why we like it:
88% fibonacci retracement,161.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.