FX.co ★ USDCHF H4 | Reacting off resistance?

The USD/CHF chart currently has a bearish momentum with a potential bearish reaction at the first resistance of 0.9226, supported by the 50% Fibonacci retracement. This may lead to a drop to the significant first support at 0.9157, aligned with the 61.80% Fibonacci retracement.

The second support at 0.9104 is an overlap support, and the second resistance at 0.9263 exhibits Fibonacci confluence, increasing their importance in potential price reversals.