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

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 below the descending trendline and is now approaching the trendline. We could possibly see a potential reversal at our sell entry level, which is in line with our 76.4% Fibonacci retracement, and a further drop to our take profit level, which is in line with our 50% Fibonacci retracement level.