Title

EURUSD H4 | Bearish Drop

Type

Bearish Drop 

Preference:

price is currently at the pivot of 1.1091, a pullback resistance close to 61.8% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.1054, a pullback support 

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.1136, a swing-low resistance level.