EURUSD H4 | Bearish Breakout
Title
EURUSD H4 | Bearish Breakout
Type
Bearish Breakout
Preference:
price is rising toward of the pivot of 1.1113, a pullback resistance .A reverse from this level could lead the price to fall to 1st support at 1.1047, a pullback support close to the 78.6% Fibonacci Retracement.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.1149, an overlap resistance level.