DE30EUR H4 | Falling to 61.8% Fibo overlap

TitleDE30EUR H4 | Falling to 61.8% Fibo overlapTypeBullish BouncePreference:Price is falling towards the pivot point of 15898.8 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 16070.84.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 15733.56.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.