EURUSD H4 | Bounce off Fibo confluence?

TitleEURUSD H4 | Bounce off Fibo confluence?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.09185 which is a pullback support that aligns with a confluence of Fibonacci levels (the 78.6% retracement and 61.8% projection levels) and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.1036 which is an overlap resistance.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.0834 which is an overlap support.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.