Title
EURUSD H4 | React off 38.2%

Type
Bearish Reversal

Preference:

Price is currently at our pivot point of 1.09038 which aligns with a 38.2% Fibo retracement. A reverse from here, price could fall to 1st support at 1.08497 which is an overlap support.

Alternative scenario:

However, if price breaks above the pivot, It could rally to 1st resistance at 1.0969

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