EURUSD H4 | Falling from Fibo Confluence?

TitleEURUSD H4 | Falling from Fibo Confluence?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.08882 which has 61.8% Fibo retracement and 23.6% Fibo retracement, indicating Fibo confluence level. A reverse from here, price could fall to 1st support level at 1.08318 which is a swing low support level.Alternative scenario:However, if price breaks above the pivot, it could rise to 1st resistance at 1.09398 which is above a recent 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.