Title

EURUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is rising toward of the pivot of 1.1192, a multi swing high resistance close to 161.80% Fibonacci Extension.A reverse from this level could lead the price to fall to 1st support 1.1144 at , a pulllback support.

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.12253, that lines with the 161.80% Fibonacci Extension and 127.20% Fibonacci Extension. Indicating the stong resistance level