EURUSD facing bullish pressure | 26th July 2021 for FX:EURUSD by FXCM

Price is under a descending trend line and is expected to rise and reverse at 1.180 which is in line with the 61.8% Fibonacci retracement as well as the 161.8% Fibonacci extension level. We can expect the price to take support at 1.17525 which is in line with horizontal swing low support as well as 61.8 % Fibonacci extension . Our bearish bias is further reinforced by how price is holding below the Ichimoku cloud .

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