Title

EURUSD | Bullish Bounce off

Type

Bullish Reversal

Preference:

The price is falling towards the pivot level of 1.0837, which is a pullback support.  A bounce off this level could cause the price to rise to the 1st resistance at 1.0905, a pullback resistance that aligns with the 61.8% Fibonacci propjection

Alternative Scenario:

 If the price breaks below the pivot, it may fall to the 1st support  at 1.0771, a multi swing-low support.