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.