Title

EURUSDH4  | Bearish Drop

Type

Bearish Drop

Preference:

price has just reacted off the pivot of 1.1193, a swing-high resistance. A fall from this level could lead the price to drop to 1st support at 1.1149, a pullback support close to 38.2% Fibonacci retracement. 

 Alternative Scenario:

If price breaks above  the pivot, it could rise to 1st resistance at 1.1241, which lines up with 161.8% Fibonacci extension