EURUSD H4 | Bouncing off support level?

Title
EURUSD H4 | Bouncing off support level?

Type
Bullish Bounce

Preference:

The price is declining toward our pivot point of 1.06897. A bounce from this level could lead the price to rally toward the 1st resistance at 1.07381 which is an overlap resistance level

Alternative scenario:
However, if the price breaks below the pivot, it might decline to the 1st support at 1.06219, representing a multi-swing low support level.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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EURUSD H4 | Bouncing off support level?

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