EURUSD H4 | Bullish Bounce
Title
EURUSD H4 | Bullish Bounce
Type
Bullish Bounce
Preference:
price has just bounced off the pivot of 1.0942, an overlap support close to the 127.20% Fibonacci extension. A bounce from this level could lead the price to rise to 1st resistance at 1.1008, a pullback resistance
Alternative Scenario:
If price breaks below the pivot, it could drop to 1st support at 1.0877, an overlap support close to the 161.80% Fibonacci extension