EURUSD H4 | Potential react off 50% Fibo?

TitleEURUSD H4 | Potential react off 50% Fibo?TypeBearish ReversalPreference:Price is moving toward our pivot of 1.11437 that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 1.10399 which is a support level.Alternative scenario:However, if price breaks above the pivot, it could push up to1st resistance at 1.12205 which is a 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.