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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 facing bullish pressure as price holds above the ascending trendline and moving average support, and MACD holds above the 0 line. We could see price bounce at buy entry level, in line with 23.6% Fibonacci retracement and ascending trendline support, and further upside towards our take profit levels, in line with 61.8% Fibonacci extension and 100% Fibonacci extension.

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