EURUSD H1 | Bearish reversal?

Title
EURUSD H1 | Bearish reversal?

Type
Bearish Reversal

Preference:
Price rises toward the pivot point of 1.0931, an overlap resistance close to 78.6% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.0899, a pullback support level

Alternative scenario:

If the price breaks above the pivot, it could rise to 1st resistance at 1.0962, a swing-high resistance 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 H1 | Bearish reversal?

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