Title
EURUSD H4 | Bouncing off support (Day)?

Type
Bullish Bounce

Preference:
The price has just bounced off the pivot point at 1.06327, a multi-swing low support level and a swing low daily support. A bounce from this level could lead the price to rally toward the 1st resistance at 1.06737, which is a pullback resistance…

Alternative scenario:
However, if the price breaks below the pivot, it might decline to the 1st support at 1.05976 which is just below 127.2% Fibo extension.

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