EURUSD H4 | Bearish reaction off 38.2% fibo?

TitleEURUSD H4 | Bearish reaction off 38.2% fibo?TypeBearish ReversalPreference:Price is approaching our pivot point at 1.0942, which is a pullback resistance, and at the 38.2% fibo retracement. Price could reach our pivot point and have a bearish reaction off it, to head towards the 1st support at 1.0872, which is an overlap support level.Alternative scenario:If price breaks above the pivot point, then price could rise to the 1st resistance at 1.1001, which is at the 61.8% fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.