Title
EURUSD H4 | Bouncing off the support level?

Type
Bearish Breakout

Preference:

The price is falling toward our pivot point of 1.07438, which serves as an overlap support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.08012, a swing-high resistance level

Alternative scenario:
However, if the price breaks below the pivot, it might decline to the 1st support at 1.0671, also a swing low support level.

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