The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Technical outlook:
The EUR/USD pair has managed to hold interim support at 1.1180 levels, which was the 0.382 fibonacci extension of the drop between 1.1560 through the 1.1290 levels, respectively. The 4H chart presented here is indicating that a push above the 1.1300 levels could bring bulls back into play. Immediate price resistance is seen at the 1.1420 levels and the prices need to break above that to confirm a trend reversal. On the lower time frames, an impulse could be ready if the prices break above the 1.1246 levels today, while holding above the 1.1200 levels. We would be inclined to go long further on dips after that, with a price target above the 1.1420 levels at least. It is a safe strategy to remain flat for now and wait for further price action to unfold before taking a trading direction again. Believe it or not, downside potential is minimum looking at the risk-reward ratio here. We shall be preparing to go long again, going forward.
Trading plan:
Remain flat for now. Prepare to go long on confirmation soon.
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
