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 dropped toward the 1.0810 low on Wednesday, accelerating towards the projected near-term targets around 1.0700 and 1.0500. The single currency pair is seen to be trading close to 1.0935 at this point in writing and could pull back up to the 1.0940-50 zone before reversing lower again. A break below 1.0800 from here will drag towards 1.0750 at least.
EURUSD is underway to carve a larger-degree corrective drop towards 1.0500 and potentially the 1.0100-50 zone. The previous rally between 0.9535 and 1.1095 is being retraced and it could take several weeks for the structure to complete. Also, note that the Fibonacci 0.618 is passing through the 1.0100-50 area, which offers a strong potential for a reversal.
EURUSD has taken out initial support at 1.0830 (on lower timeframes), which could trigger a pullback in the near term. Any pullback towards 1.0950 should be taken as yet another opportunity to initiate further short positions. Ideally, prices should stay below the 1.1095 high and continue lower to 1.0500 in the medium term.
Potential bearish continuation 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।
