Title

EURUSD  H4 | Bearish Reversal 

Type

Bearish Reversal 

Preference:

The price is moving up towards the pivot level of 1.0954, which acts as an overlap resistance.  A reversal at this level could cause the price to drop to the 1st  support at 1.0871, a pullback support close to the 78.60% Fibonacci retracememt. 

Alternative Scenario:

 If the price breaks above the pivot, it may rise to the 1st resistance level at 1.1006, a pullback resistance.