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!
The EUR/USD pair will continue to rise from the level of 1.2032. The support is found at the level of 1.2032, which represents the 61.8% Fibonacci retracement level in the H1 time frame.
The price is likely to form a double bottom. Today, the major support is seen at 1.2032, while immediate resistance is seen at 1.2107.
Accordingly, the EUR/USD pair is showing signs of strength following a breakout of a high at 1.2032. So, buy above the level of 0.9887 with the first target at 1.2032 in order to test the daily resistance 1 and move further to 1.2107.
Also, the level of 1.2182 is a good place to take profit because it will form a double top. Amid the previous events, the pair is still in an uptrend; for that we expect the EUR/USD pair to climb from 1.2032 to 1.2182 today.
At the same time, in case a reversal takes place and the EUR/USD pair breaks through the support level of 1.2032, a further decline to 1.1986 can occur, which would indicate a bearish market.
*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।
