EURUSD H4 | Bearish Reversal
Title
EURUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot of 1.1125, a pullback resistance close to 61.8% Fibo retracement. A drop from this level could lead the price to fall to 1st support at 1.1084, an overlap support level.
Alternative Scenario:
If price breaks above the pivot, it could lead the price to rise to 1st resistance at 1.1165, a pullback resistance.