Every day Pivots: (S1) 0.9056; (P) 0.9116; (R1) 0.9159; Extra….
Intraday bias in USD/CHF stays mildly on the draw back. Correction from 0.9243 would goal 38.2% retracement of 0.8551 to 0.9243 at 0.8979. On the upside, although, above 0.9176 minor resistance will flip bias again to the upside for retesting 0.9243.
Within the greater image, present growth signifies that rise from 0.8551 is reversing complete down pattern from 1.0146. Additional rally would then be seen to 61.8% retracement at 0.9537 and above. For now, this would be the favored case so long as 55 D EMA (now at 0.8967) holds, even in case of deep pullback.
