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The EUR/USD pair has recently returned to levels around 0.9600, which were last reached in 2002, leading to a significant bullish recovery, especially around this critical support level.
Although the nearest resistance level at 1.0100 did not apply enough bearish pressure, there was strong bullish price action around the lower edge of the depicted movement channel. This resulted in the achievement of successive bullish targets at 1.0250, 1.0500, and 1.0600.
In addition, the price action around the key level of 1.0550-1.0600 was also bullish, resulting in further bullish continuation towards 1.0800.
Furthermore, there is a chance of further bullish advancement towards the nearest resistance zone around 1.1150-1.1200. On the other hand, any bearish correction towards the price levels of 1.0000 should be considered as a valid long-term buying opportunity.
*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।