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Trading closed below the 1.2199 level last week. This indicates that the upward momentum has stopped. The main target for a decline is the lower area at 1.2097. Reaching this level will make it possible to buy EURUSD at favorable prices, expecting to sustain the upward medium-term momentum.
Corrective selling is possible in case the 1.2199 level has been retested. Take note that the downward movement will remain corrective for now, so taking a short position will be required.
The pair has been forming a local accumulation zone for the last two weeks. This makes it possible to work in a flat phase. The limits of the flat will serve as excellent reference points for finding entry and exit points from trades. It is important to understand that there is a 70% probability that the pair will stay within the 1.2097 level before the year ends.
*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।
