Title
EURUSD H4 | Falling to support level?

Type
Bearish Reversal

Preference:

Price has just reacted off our pivot point of 1.05591, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0494, a multi-swing low support level.

Alternative scenario:

However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.0598, which serves as a pullback  resistance level

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