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

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 under descending trendline resistance, showing bearish pressure in line with our analysis. We could potentially see price break below our Pivot, in line with 23.6% Fibonacci retracement, and push lower towards our take profit levels. Stochastics is also holding below descending trendline, in line with our bearish bias.