Title
EURUSD H4 | React off 61.8% Fibo

Type
Bearish Reversal

Preference:
Price is currently at our pivot point at 1.10538 which lines up with a 78.6% Fibonacci retracement. A reverse from here price could fall to 1st support at 1.10074 which is overlap support

Alternative scenario:
However, if price breaks above the pivot, it could rally to 1st resistance at 1.10931 which is a swing high resistance level.

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