Title
EURUSD H4 | Falling from Fibo Confluence?

Type
Bearish Reversal

Preference:
Price is rising toward our pivot point of 1.08882 which has 61.8% Fibo retracement and 23.6% Fibo retracement, indicating Fibo confluence level. A reverse from here, price could fall to 1st support level at 1.08318 which is a swing low support level.

Alternative scenario:
However, if price breaks above the pivot, it could rise to 1st resistance at 1.09398 which is above a recent swing high resistance level.

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