Title

EURUSDH4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is currently at the pivot of 1.1093, a swing high resistance close to 61.8% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.1055, a pullback support close to the 50% Fibonacci Retracement. 

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.1135, a swing high resistance level.