Title

EURUSD H4 | Bearish Breakout

Type

Bearish Breakout

Preference:

Price is falling toward the pivot of 1.1120, a breakout from this level could lead the price to fall to 1st support at 1.1094, a pullback support close to the 38.2% Fibonacci Retrtacement. 

Alternative Scenario:

If price bounces the pivot, it could rise to 1st resistance at 1.1155, a swing-high resistance