Title:
EURUSD H4 | Falling towards 50% Fib support

Type:
Bullish bounce

Preference:
The price is falling towards the pivot at 1.1623,  which is a pullback support level that aligns witht he 50% Fibonacci retracement. A bounce from this level could lead the price toward the 1st resistance at 1.1738, an overlap resistance.

Alternative Scenario:
If the price breaks below the pivot, it could fall to the 1st support at 1.1557, a pullback support that aligns with the 78.6% Fibonacci retracement.