Title

EURUSD H4  | Bearish Reversal

Type

Bearish Reversal

Preference:

The price is approaching the pivot of 1.1173, which acts as a pullback resistance. A reversal at this point might cause the price to decline to the 1st  support level at 1.1121, an overlap support.

Alternative Scenario: 

Should the price break above the pivot, it may rise to the 1st  resistance level at 1.1197, which serves as a swing resistance.