EURUSD H4 | Bearish Reversal
Title
EURUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
The price is moving up towards the pivot level of 1.1006, which acts as a pullback resistance. A drop from this level might cause the price to drop to the 1st support level at 1.0941 a pullback support close to the 61.80 Fibonacci retracement
Alternative Scenario:
If the price bounces off the pivot, it may rise to the first resistance level at 1.1078, which acts as an overlap resistance.