EURUSD H1 I Potential bearish reversal?
Title EURUSD H1 I Potential bearish reversal?Type Bearish ReversalPreference:Price is rising towards our pivot point of 1.11775 that aligns with 38.2 and 50% Fibo retracement, indicating Fibo confluence zone. A reverse from here, price could fall to 1st support at ...
TitleEURUSD H1 I Potential bearish reversal?TypeBearish ReversalPreference:Price is rising towards our pivot point of 1.11775 that aligns with 38.2 and 50% Fibo retracement, indicating Fibo confluence zone. A reverse from here, price could fall to 1st support at 1.11276 which is support levelAlternative scenario:However, if price breaks above the pivot, it could push up to 1st resistance at 1.12288 which is a swing high resistance levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
