Title
EURUSD H1 | Bearish reversal
Type
Bearish Reversal
Preference:
Waiting for price to pullback to the pivot point at 1.0939 which is an overlap resistance level. A reverse from this level it could fall to to 1st support at 1.0892, a swing low support level
Alternative scenario:
If price breaks above the pivot, it might rise to 1st resistance at 1.0961
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.