Title
EURUSD H4 | Falling toward support level

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 1.0803, an overlap resistance close to the 38.2% Fibonacci retracement level. A reversal from this level could lead the price to fall to 1st support level at 1.0767, an overlap support level that is  close to 162.8% Fibonacci extension 

Alternative scenario:

If the price breaks above the pivot, it could rise to 1st resistance at 1.0840, an overlap resistance level that is close to 78.6% Fibonacci retracement.

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