EURUSD H4 | Bearish Drop
Title
EURUSD H4 | Bearish Drop
Type
Bearish Drop
Preference:
The price is falling from the pivot level of 1,1048, which acts as a pullback resistance. A drop from this level might cause the price to drop to the 1st support level at 1.0989 a pullback support close to the 50%% Fibonacci retracement.
Alternative Scenario:
If the price breaks above the pivot, it could rise to the 1st resistance level at 1,1092, which serves as a pullback resistance.