EURUSD H4 | Bouncing off support (Day)?

TitleEURUSD H4 | Bouncing off support (Day)?TypeBullish BouncePreference:The price has just bounced off the pivot point at 1.06327, a multi-swing low support level and a swing low daily support. A bounce from this level could lead the price to rally toward the 1st resistance at 1.06737, which is a pullback resistance…Alternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 1.05976 which is just below 127.2% Fibo extension.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.