EURUSD H1 is approaching pivot, in-line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. We may potentially see a bounce towards the 1st resistance level, in-line with 38.2% and 50% Fibonacci retracement and horizontal overlap resistance. If price breaks the pivot, we may see it swing towards 1st support, in-line with 78.6% Fibonacci retracement and 200% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-h1-approaching-pivot-potential-for-bounce"
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