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 rose through fresh swing highs around 1.0786 during the New York Session on Monday before finding resistance and pulling back. The single currency pair is seen to be trading around 1.0750 at this point in writing and is expected to resume lower from here soon. The projected targets are 1.0620 and 1.0520 respectively.
EURUSD might have terminated its lower degree upswing around 1.0786 or is close to terminating. Please note that it has carved an intermediate low/support around 1.0350. Ideally, the currency pair is expected to retrace lower through 1.0520, which is the Fibonacci 0.618 retracement of the above rally.
At a larger degree, EURUSD might be working upon a meaningful downswing between 1.2266 and 1.0350. If the structure unfolds accordingly, bulls would be inclined to push prices through 1.1086 and up to 1.1530 going forward. Also, note that 1.1530 is also the Fibonacci 0.618 retracement of the above downswing.
Potential short-term drop to 1.0520, then rally through 1.1086 and higher.
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।
