Title
Potential Bearish Reversal
Type
Bearish Reversal
Preference:
Price could rise towards the pivot point of 0.66443 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.65834 which is an overlap support that sits above with the 50.0% Fibonacci retracement level.
Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 0.66682 which is a swing-high resistance level.
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Source: Tickmill