EURUSD H4 | Potential Bearish Reversal

Title

EURUSD H4 | Potential Bearish Reversal

Type
Bearish Reversal

Preference:
Price is currently in our pivot area at 1.07666 which lines up with a 50% Fibo retracement which is an overlap resistance, if price were to reverse it could potentially drop to 1st support at 1.06858

Alternative scenario:
However, if it breaks above the pivot, it could potentially move towards 1st resistance at1.09282

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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EURUSD H4 | Potential Bearish Reversal

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