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 MACD holds above the 0 line, and price holds above the ascending trendline support. We could see a bounce at our buy entry, in line with 38.2% Fibonacci retracement, and further upside towards our take profit levels, which are in line with our -27.2% and -61.8% Fibonacci retracement levels.
The material has been provided by InstaForex Company – www.instaforex.com
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