EURUSD H4 | Bearish Reversal?

TitleEURUSD H4 | Bearish Reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.0981, which serves as a pullback resistance level aligning with the 23.6% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 1.0911, an overlap support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.1042, which also serves as an overlap resistance level that aligns with the 50% Fibo retracementTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.