Title
EURUSD H4 | Bouncing off Support level?

Type
Bearish Breakout

Preference:
Price could bounce off from our pivot point at 4460.15, which is an overlap support level, aligning with the 50% fibo retracement. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 4494.9, which is a swing high resistance and at the 61.8% fibo retracement.

Alternative scenario:
However, if the price breaks below the pivot, it might decline to the 1st support at 1.06234, which is below the support level

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