EURUSD H4 | Bouncing off support level?

TitleEURUSD H4 | Bouncing off support level?TypeBullish BouncePreference: The price is declining toward our pivot point of 1.06897.  A bounce from this level could lead the price to rally toward the 1st resistance at 1.07381 which is an overlap resistance levelAlternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 1.06219, representing a multi-swing low support level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.