Title

EURUSD H4  | Bullish Bounce 

Type

Bullish Bounce

Preference:

The price is falling towards the pivot level of 1.0752 which acts as a pullback support close to 50% Fibonacci retracement. A reversal at this level could cause the price to rise to 1st resistance at 1.0813, with overlap resistance close to 50% Fibonacci retracement.

Alternative Scenario:

 If the price breaks below the pivot, it may fall to 1st support level at 1.0688, a low support