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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Daily Video Analysis: EURUSD facing bullish pressure, potential for further rise!

Today we take a look at EURUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is holding above ascending trendline and moving average supports, in line with our bullish bias. We could see further upside above Buy Entry level, in line with 38.2% Fibonacci retracement, towards Take Profit level, in line with -27.2% Fibonacci retracement and horizontal swing high resistance.

The material has been provided by InstaForex Company - www.instaforex.com