EURUSD H1 | Bearish reversal
Title
EURUSD H1 | Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot point of 1.0852, a pullback resistance close to the 78.6% and 38.2% Fibonacci retracement level. A reverse from this level could lead the price to fall to 1st support level at 1.0810, a support level.
Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.0877, a pullback resistance level close to 50% Fibo retracement.
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