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 continues to hold under EMA (55), showing bearish pressure in line with our bearish bias. We could potentially see a further push down from our buy entry level, in line with our 50% Fibonacci retracement and horizontal overlap resistance, towards our take profit level, which is in line with our 61.8% Fibonacci retracement.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.