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 been trading within a range between 1.0880 and 1.0920 for the last 24 hours. The single currency pair is seen to be trading close to 1.0900 at this point in writing and the bulls are expected to push the price through 1.0930 in the near term. On the flip side, if prices break below 1.0830, it could open the door towards 1.0635 and beyond.
EURUSD has been carving a larger-degree triangle consolidation since printing highs at 1.1035. The projected triangle terminated at about 1.0835 last week. The price rallied through 1.0930 before pulling back. If the above scenario holds well, the instrument will take out 1.0835 and continue climbing through 1.1010 and further. The line in the sand is the 1.0635 support to enable the bulls to remain in control.
EURUSD has further carved a lower-degree upswing between 1.0835 and 1.0930 in the past few trading sessions. Also, note that the price dropped through 1.0970 and found support around the Fibonacci 0.618 retracement. The high probability remains for a continued push higher through 1.1010 and 1.1095 levels respectively.
A potential rally towards 1.1200 to resume soon.
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।
