EURUSD Bearish Engulfing Hourly Char

USDCHF Bullish Engulfing Hourly Chart Resistance: 0.9307 strong/0.9324 moderate/0.9358 minor Support: 0.9273 moderate/0.9255 minor/0.9221 minor Market bias for USDCHF is bearish with prices under a strong resistance at 0.9307. Hourly candlesticks however have a mid level reversal pattern, Bullish Engulfing. Look for a close above the Pivot Point, 0.9307, for a run to 0.9324 with stop losses just below the patterns low. Break of 0.9324 could lead to a market rally for 0.9358.

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