FX.co ★ USDCHF H4 | Falling to support?

The USD/CHF chart currently shows bearish momentum with a potential move towards the 1st support at 0.8940, which aligns with an overlap support. Another support at 0.8888, a swing low support, further strengthens the potential support zone. On the resistance side, the 1st resistance at 0.8999 is characterized as an overlap resistance, coinciding with the 61.80% Fibonacci Retracement level, suggesting strong potential resistance. The 2nd resistance at 0.9092 is also an overlap resistance, indicating another area of potential selling pressure.