EURUSD M15 | Bearish reversal
Title
EURUSD M15 | Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot of 1.1124, an overlap resistance. a drop from this level could lead the price to fall to 1st support at 1.096 close to 61.8% Fibo retracement.
Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.1137, above the swing high resistance
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.