EURUSD H4 | Bouncing off the support level?

TitleEURUSD H4 | Bouncing off the support level?TypeBearish BreakoutPreference:The price is falling toward our pivot point of 1.07438, which serves as an overlap support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.08012, a swing-high resistance levelAlternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 1.0671, also a swing low support 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.