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18.02.202112:55 Forex Analysis & Reviews: Daily Video Analysis: EURUSD is approaching support, potential for further upside

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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 approaching our support in line with our horizontal swing low support and 61.8% fibonacci retracement where we could see a further bounce above this level. RSI is showing signs of bullish pressure as well, in line with our bullish bias.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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