USDCHF is reversing to our Pivot point, potential for a drop

Price is reversing towards our Pivot point at 0.89866 which is in line with our 61.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal overlap resistance. We could potentially see price drop towards our 1st support level at 0.89250. It is worth noting that the Ichimoku cloud and MACD are showing bearish pressure in line with our analysis. Trading FX & CFDs carries high risk.