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 reversed lower from the 1.1066 high on Tuesday and dropped through the 1.0965 lows intraday, giving up all gains. The single currency managed to produce an Engulfing Bearish candlestick pattern on the daily chart indicating a potential reversal ahead. The currency pair is seen to be trading close to 1.0980 at this point in writing as the bears remain inclined to drag prices further lower.
EURUSD keeps its medium-term wave structure intact for now and projected targets remain towards 1.0500 in the next few weeks. The pair had earlier rallied between 0.9535 and 1.1035 levels carving a larger-degree upswing. Since then, it is unfolding a corrective wave lower towards 1.0250 and possibly down to 1.0100 going forward.
EURUSD is currently facing intraday resistance around 1.1000 and the bears would be inclined to come back in control if prices manage to reach there. Immediate support is seen close to the 1.0800-20 area and a break lower will confirm that the bears are back in control to drag prices further lower towards 1.0500 and 1.0250.
A potential bearish move against 1.1200
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।