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 has dropped through the 1.0185 low on the intraday chart on Monday after hitting resistance at the high of 1.0294 last week. The currency pair is seen to be trading close to the 1.0200 mark at this point of writing, and bulls might be looking to push the price through 1.0250 at least in the near term. Potential remains for a drop through 1.0100-10 zone before finding strong support.
EURUSD might be looking constructive on a larger wave structure scale since the price is unfolding a corrective rally from 0.9952. The entire drop between 1.2350 and 0.9952 is being retraced and the potential target remains in the 1.0800-1.0900 zone. This is also the 0.382 Fibonacci retracement of the above-mentioned bearish drop and hence the potential resistance.
EURUSD is currently working on its recent upswing between the levels of 0.9952 and 1.0294 as seen on the chart here. Prices could drop through the 1.0100-1.0110 zone before reversing higher again. Also note that 1.0100 is the Fibonacci 0.618 retracement of the recent upswing and hence the potential support. Bulls will be inclined to be back in control then.
Potential drop to 1.0100 and then higher towards 1.0800-1.0900 against 0.9952
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।