EURUSD H4 | Reacting off 38.2%?

TitleEURUSD H4 | Reacting off 38.2%?TypeBullish BreakoutPreference:The price is rising toward our pivot point of 1.05845, which serves as a pullback resistance level aligning with the 38.2% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.05257, an overlapping support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.064, which also serves as 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.