FX.co ★ 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 has just seen a bullish breakout from the descending trendline resistance, where we could potentially see a further push up from our buy entry level, in line with our 23.6% Fibonacci retracement, towards our take profit levels, which are in line with our -27.2% Fibonacci retracement and horizontal swing high resistance levels respectively. Price is also holding above the moving average support as well, in line with our bullish bias.