Title
EURUSD H1 | Bearish reversal
Type
Bullish Breakout
Preference:
Price is rising toward the pivot point of 1.0790, a pullback resistance that aligns with the 38.2. A reverse from this level could lead the price to fall to 1st support at 1.2724, a swing low support level
Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.0847, a pullback resistance
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