EURGBP H4 | Bullish bounce off pivot?

TitleEURGBP H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price could potentially bounce from our pivot point at 0.8505, which is the swing low support level, to the 23.6% fibo retracement level. If price does not break the previous swing low support, then price could potentially rise towards the 1st resistance at 0.8554, which is an overlap resistance, and above the 23.6% fibo retracement level.Alternative scenario:If price breaks below the pivot, then price could fall to the 1st support level at 0.8449, which is at the 127.2% fibo extension 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.