FX.co ★ Daily Video Analysis: EURUSD facing bearish pressure, potential for further downside!

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.