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 the ascending trendline support, in line with our bullish bias. We expect a bounce at our sell entry level, which is in line with our 78.6% Fibonacci retracement and ascending trendline support, and then a further rise towards our take profit levels, which is in line with our 23.6% and 61.8% Fibonacci retracement levels respectively.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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