EURUSD H4 | Bearish reversal
Title
EURUSD H4 | Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot point of 1.0809, an overlap resistance. A reverse from this level could lead the price to fall to 1st support level at 1.0768, which is considered a pullback support level, and lines up with the 161.8% Fibo extension
Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.0843, an overlap resistance level
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.