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

Japanese Candlesticks Analysis 26.04.2024 (EURUSD, USDJPY, EURGBP)

EURUSD, “Euro vs US Dollar” The EURUSD pair has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going

Murrey Math Lines 26.04.2024 (Brent, S&P 500)

Brent Brent quotes are above the 200-day Moving Average on D1, which indicates the prevalence of an uptrend. The RSI has rebounded from the support

EUR is rising smoothly. Overview for 26.04.2024

The primary currency pair demonstrates a modest increase on Friday. The current EURUSD exchange rate stands at 1.0722. The market is uncertain whether the US

Searching for the right forex broker is no easy task, but have no fear! Brokerswatch.com has made it very simple. Find the right brokers based on the criteria most important to you and compare them side by side for easier selection

Brokers By Regulator

Forex Brokers List

Trading Tools

Risk Warning: FX trading is high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment goals, experience and risk tolerance levels. Loss of part or all of your initial investment is possible; therefore do not invest money that you cannot afford to lose. It is advised to educate yourself about FX trading before you trade real money. Disclaimer: All data and information on this Website are provided “as is” and to be used only for information purposes. Information is not intended for trading or trading recommendations. The operators of this website shall not be liable for any loss incurred by you as a result of reliance on the information contained in the Website.