Title
EURUSD H4 I Potential bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 1.0858, an overlap resistance close to the 61.8% Fibonacci retracement level. A reversal from this level could lead the price to fall to 1st  support level at 1.0801, which is considered a pullback support level.

Alternative scenario:
 If the price breaks above the pivot, it could rise to 1st resistance at 1.0916, an overlap resistance level

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.