EURGBP H4 | Bearish reaction off 38.2% fibo?

TitleEURGBP H4 | Bearish reaction off 38.2% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 0.8689, which is a pullback resistance level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Price could react bearishly and fall to the 1st support at 0.8659, which is a swing low support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 0.8715, which is a swing high resistance 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.