EURUSD H4 I Bounce off Fibo Confluence?

TitleEURUSD H4 I Bounce off Fibo Confluence?TypeBullish BouncePreference:Price is falling toward our pivot point of 1.07402 which is a multi swing low support level that aligns with 161.8 extension and 100% projection. A bounce off from here, price could rise to 1st resistance at 1.07997 which is a pullback resistance level.Alternative scenario:However, if price breaks below the pivot, it could fall to 1st support at 1.0666To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.