Title

EURUSD H1 | Bullish Bounce

Type

Bullish Bounce

Preference:

price has just bounced off the pivot of 1.1006, a swing low support. A bounce from this level could lead the price to rise to 1st resistance at 1.1030, a pullback support close to 50% Fibo retracement

Alternative Scenario:

If price breaks below  the pivot, it could fall  to 1st support at 1.0988, an overlap support level close to 78.6% Fibo projection