FX.co ★ EURUSD, H4 | Bullish Ascending Channel?

The USD/CHF pair exhibits an overall bullish momentum, supported by the price's position above a major ascending trend line. While a short-term decline towards the 1st support level at 0.9005 is possible, it is considered an overlap support that could facilitate a rebound. If the price breaks below the 1st support, the next level at 0.8956, also an overlap support, may provide additional backing. On the upside, the 0.9075 level acts as a pullback resistance, coinciding with a 50% Fibonacci retracement. If the price surpasses this resistance, the 0.9120 level, which aligns with a 61.8% Fibonacci retracement, presents a significant hurdle.