EURUSD Day, Bouncing off support?

TitleEURUSD Day, Bouncing off support?TypeBullish BouncePreference:Price is currently at our pivot point of 1.04737, which serves as an overlap support level. that aligns with the 127.2 Fibo extension. A reversal from this point could lead the price rise to the 1st resistance at 1.06425, an overlap resistance.Alternative scenario:However, if the price breaks below the pivot, it might fall to the 1st support at 1.02867, which serves as a swing low support levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.