Title

EURUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

Price is rising toward the pivot of 1.1069, an overlap resistance close to 23.6% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.0950, an overlap support close to 61.8% Fibo retracement. 

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.1149, a pullback resistance close to 61.8% Fibo retracement.