EURGBP H4 | Bouncing off Fibo level

TitleEURGBP H4 | Bouncing off Fibo levelTypeBullish BouncePreference:EURGBP is bouncing off the pivot point at 0.85884, the pullback support that aligns with the 78.6% Fibonacci level. The price could continue to rise to 1st resistance at 0.8647, the overlap resistance level.Alternative scenario:The price could pull back and break through the pivot point at 0.85884, and fall to the 1st support at 0.85528, the multi-swing low support.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.