USDCHF is approaching our Pivot point, potential for a drop

Price is approaching our Pivot point at 0.90675, which is in line with our 61.8% Fibonacci Retracement, 61.8% Fibonacci extension and horizontal graphical level. Price could potentially drop towards our 1st support level at 0.90297. It’s worth noting that the descending trendline, MACD and Ichimoku cloud are all showing bearish momentum. Trading FX & CFDs carries high risk.