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!
EUR/USD dropped through fresh swing lows around the 1.1430 mark on Friday before finding some support. The EUR/USD pair has broken through the intraday high of 1.1464 in the past hour. If it approaches a low around 1.1430, bulls may remain in control and push higher toward 1.1700 in the near term.
The boundary which could be worked upon is between 1.2266 and 1.1430. A Fibonacci 0.618 retracement of the above would push the price through the 1.1950-80 zone in the next several weeks. EUR/USD may drop below 1.1430. Immediate price support is at 1.1430, while resistance is seen around 1.1600 respectively.
On the flip side, a continued push below 1.1430 would nullify the above bullish structure and open the door toward 1.1300 level. At the moment, price action suggest bullish potential until EURO stays above 1.1430 mark. Bullish divergence on daily RSI is also strong, indicating a potential rally toward 1.1690-1.1700 zone intraday.
Potential for a rally through 1.1950 against 1.1400
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।
