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

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