EURUSD H4 | Bearish Reversal
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.