TitleEURUSD H4 | Bearish reversal off 78.6% fibo?TypeBearish ReversalPreference:Price is rising towards our pivot point at 1.0957, which is a swing high resistance level, aligning with the 78.6% fibo projection. If price reacts bearishly, then we can expect price to fall to the 1st support at 1.0882, which is an overlap support level.Alternative scenario:If price breaks above the pivot point, then we can expect price to rise towards the 1st resistance level at 1.1010, which is a swing high resistance level, slightly above the -27.2% fibo expansion.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
