Title
EURGBP H4 | Potential Bearish Reversal

Type
Bearish Reversal

Preference:

Price is rising towards the pivot point of 0.87331 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.86842 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.

Alternative scenario:

If price breaks above the pivot point, it could hit the 1st resistance at 0.87586 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level.

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