EURUSD H1 | Bullish Bounce
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