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 is approaching Sell Entry, in line with 61.8% Fibonacci retracement and descending trendline resistance, where we could see a reversal and further drop to Take Profit levels, in line with 61.8% Fibonacci retracement and horizontal swing low support respectively. Stochastics is also showing signs of possible bearish pressure as well.