FX.co ★ USDCHF H4 | Bearish Continuation Expected?

The USD/CHF chart indicates bearish momentum with potential for a bearish continuation to the 1st support at 0.8954. This level, considered an overlap support, aligns with the 78.60% Fibonacci Retracement, forming a robust support zone. The 2nd support at 0.8902, categorized as a multi-swing low support, further reinforces potential buying interest.

On the resistance side, the 1st resistance at 0.9022, an overlap resistance, may trigger selling pressure, coinciding with the 38.20% Fibonacci Retracement. Additionally, the 2nd resistance at 0.9072, another overlap resistance, aligns with the 78.60% Fibonacci Retracement, strengthening the resistance zone