EURUSD H4 | Bearish reaction off 38.2% fibo?
Price is approaching our pivot point at 1.0942, which is a pullback resistance, and at the 38.2% fibo retracement. Price could reach our pivot point and have a bearish reaction off it, to head towards the 1st support at 1.0872, which is an overlap support level.
If price breaks above the pivot point, then price could rise to the 1st resistance at 1.1001, which is at the 61.8% fibo retracement.
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