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Preference:
Price is rising toward the pivot point of 1.0790, a pullback resistance that aligns with the 38.2. A reverse from this level could lead the price to fall to 1st support at 1.2724, a swing low support level
EURUSD H1 | Bearish reversal
Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.0847, a pullback resistance
Type
Bullish Breakout
Past performance is not indicative of future results.
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منبع: https://www.tickmill.com/blog/eurusd-h1-bearish-reversal-8th-february-2024
