Title
Potential Bearish Reversal
Type
Bearish Reversal
Preference:
Price is rising towards the pivot point of 0.64815 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64155 which is an overlap support level.
Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 0.65430 which is a pullback resistance level.
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Source: Tickmill