Title
EURUSD H1 I Potential bearish reversal?

Type
Bearish Reversal

Preference:

Price is rising towards our pivot point of 1.11775  that aligns with 38.2 and 50% Fibo retracement, indicating Fibo confluence zone. A reverse from here, price could fall to 1st support at 1.11276 which is support level

Alternative scenario:

However, if price breaks above the pivot, it could push up to 1st resistance at 1.12288 which is a swing high resistance level

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