USDCHF has formed bearish engulfing on daily chart at the top. We see rejection from the top after NFP news released. It failed to break resistance and fall sharply. So it can down more and target will be 1.0010 area.
We draw fibo on recent upward momentum. We can look for buy from 50% and 61.8% fibo level. These levels are very important area for taking buy.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 1.0323
Resistance One (R1): 1.0231
Pivot Point: 1.0121
Support One (S1): 1.0029
Support Two (S2): 0.9919
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