EURUSD H4 | potential reverse from resistance

TitleEURUSD H4 | potential reverse from resistanceTypeBearish ReversalPreference:Price is approaching our pivot point of 1.09988, which represents an overlap resistance. This level aligns with the 78.6% Fibonacci retracement and 61.8% projection, indicating a Fibonacci confluence. If there is a reversal from this level, the price could potentially decline towards our first support at 1.10545, which is an overlap support.Alternative scenario:However, if price breaks above the pivot,. It could rally to 1st resistance of 1.10545 which is a swing high resistance levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.