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EURUSD is trading at 1.1908. We use today the Ichimoku cloud indicator to identify key support and resistance levels and the overall trend of the pair. So far price remains below the cloud resistance thus having a bearish trend. However recently we got some bullish signs that we mentioned in previous posts justifying a bounce in prices after reaching our 1.17 target area.
EURUSD has broken above the tenkan-sen (red line indicator) and has reached as expected the kijun-sen (yellow line indicator). Price is now above the kijun-sen and has potential to reach the lower cloud boundary at 1.20-1.2050. Support is found at 1.1845-1.1815 area. As long as price is above this area, we expect the bounce to continue higher. Breaking above the cloud would be a strong bullish signal. If the tenkan-sen (Red line indicator) crosses above the kijun-sen (yellow line indicator) we will have a weak buy signal. Bulls look like they are taking control of the short-term trend.*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।