Title
EURGBP H4 | Bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot of 0.8507. a pullback resistance. A reverse from this level could lead the price to fall to 1st support at 0.8460, a pullback support close to 78.6% Fibo retracement.

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 0.8544, a swing-high resistance

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.