Title
EURUSD H4 | Reacting off 61.8% Fibo?

Type
Bearish Reversal

Preference:

Price is rising toward our pivot point of 1.05502, which serves as a pullback resistance level aligning with the 61.8% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.04886,  an overlap support level.

Alternative scenario:

However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.06239, which also serves as an overlap resistance level

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