EURUSD H4 | Falling to support level?

TitleEURUSD H4 | Falling to support level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.05591, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0494, a multi-swing low support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.0598, which serves as a pullback  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.