EURUSD H4 | Bearish Reversal
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.