EURUSD H4 |  Reacting off resistance level?

TitleEURUSD H4 |  Reacting off resistance level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.08806, which serves as a multi swing high resistance level. A reversal from this point could lead the price to drop to the 1st support at 11.08016, a pullback support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.09449, which 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.