EURUSD H4 | Falling to 161.8% Fibo extension?

TitleEURUSD H4 | Falling to 161.8% Fibo extension?TypeBearish DropPreference:The price is falling from our pivot point of 1.08342, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0758, a pullback support level that aligns with the 161.8% Fibo extension.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.0921, which serves as an overlap resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.