12.07.202110:02 Forex Analysis & Reviews: 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 holding above ascending trendline and moving average supports, in line with our bullish bias. We could see further upside above Buy Entry level, in line with 38.2% Fibonacci retracement, towards Take Profit level, in line with -27.2% Fibonacci retracement and horizontal swing high resistance.

*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
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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.

Show more
Can't speak right now?
Ask your question in the chat.