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:
EURUSD bounces back swiftly from 1.1690 mark back up to 1.1750 on Thursday. The currency pair has produced an engulfing bullish candlestick pattern as well, on the daily chart, indicating a potential reversal. The structure still remains constructive for bulls, until prices stay above 1.1660 level. If bulls are able to hold higher, potential remains for a push through 1.2050 mark before finding resistance again.
EURUSD is producing a counter trend rally since 1.1660, which is expected to terminate around 1.2050, which is also fibonacci retracement of the drop between 1.2266 and 1.1660 levels respectively. Immediate resistance is seen at 1.1755, followed by 1.1850 while support is seen around 1.1660 mark respectively. A break above 1.1755 and 1.1850 will confirm that bulls are back in control.
On the flip side, if EURO slips below 1.1660 from here, it would indicate that bears are inclined to drag towards 1.1300 directly. With the engulfing bullish signal on the chart here, probability remains for a push higher towards 1.2050 first, before the overall trend reverses.
Trading plan:
Potential rally towards 1.2050 against 1.1660
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।
