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!
EURUSD might have carved a meaningful bottom around 1.1530 or could print one more low around 1.1500 levels before finding support. The downside risk is less as bulls prepare for a pullback towards 1.1900-1.2000 zone in the next few weeks. A break above 1.1640 will confirm a bottom is in place and that bulls are back in control.
EURUSD is also heading to produce a Morning Star candlestick pattern on the daily chart and a confirmation would be encouraging. The currency pair is seen to be trading close to 1.1568-70, the day's high, at this point in writing and is expected to continue further. Immediate price support is around 1.1500-30 while resistance is at 1.1640 levels respectively.
EURUSD might have completed its corrective phase, which had begun since 1.2350. If the above unfolds accordingly, bulls might be inclined to push through fresh highs over the next few weeks. On the flip side, a counter trend rally towards 1.1900-50 can be least expected, if not any further.
Ptential rally towards 1.1900-1.2000 zone against 1.1400 mark.
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।
