EURUSD H4 | Beasrish reversal
Title
EURUSD H4 | Beasrish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot point of 1.0878, a pullback resistance close to the 38.2% Fibonacci retracement level. A reverse from this level could lead the price to fall to 1st support level at 1.0835, which is considered a multi-swing low support level.
Alternative scenario:
f the price breaks above the pivot, it could rise to 1st resistance at 1.0907, a pullback resistance level close to 61.8% Fibo retracement
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