EURUSDH4 | Bearish Reversal
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.