EURUSD H4 | Bearish Reversal
Title
EURUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
The price is moving up towards the pivot level of 1.0957, which acts as a pullback resistance close to 61.80% Fibonacci retracement. A reversal at this level could cause the price to drop to the 1st support at 1.0896, a swing low support.
Alternative Scenario:
If the price breaks above the pivot, it may rise to the 1st resistance level at 1.1005, a pullback resistance level.