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EURJPY is trading around 129.50. Short-term trend remains bearish as price is making lower lows and lower highs. However over the last couple of sessions, price has stopped the decline at key Fibonacci support level and is mostly moving sideways.
Red line - support trend line
The decline in EURJPY has stopped on top of key Fibonacci support and at the red support trend line. Bulls have hopes for a move higher towards 130.50-131. The bullish scenario will be canceled if price breaks below the blue and red lines. Breaking below support will imply that bears remain in control of the trend and price is heading lower.
*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।
