Title
EURUSD H4 | Potential react off 50% Fibo?

Type
Bearish Reversal

Preference:

Price is moving toward our pivot of 1.11437 that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 1.10399 which is a support level.

Alternative scenario:

However, if price breaks above the pivot, it could push up to1st resistance at 1.12205 which is a swing high resistance level.

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