Title
EURUSD Day, Bouncing off support?

Type
Bullish Bounce

Preference:
Price is currently at our pivot point of 1.04737, which serves as an overlap support level. that aligns with the 127.2 Fibo extension. A reversal from this point could lead the price rise to the 1st resistance at 1.06425, an overlap resistance.

Alternative scenario:
However, if the price breaks below the pivot, it might fall to the 1st support at 1.02867, which serves as a swing low support level

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