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!
EUR/USD has again tested a potential support zone around 1.0950-55 on Tuesday before pulling back higher again. The single currency pair has carved a pin bar candlestick on the daily chart indicating a potential reversal ahead. It is seen to be trading close to 1.0965 at this point in writing as the bulls prepare for the next rally towards 1.1150 in the near term.
EUR/USD is working towards a larger-degree upside target of 1.1500 and up to 1.2000 respectively. Immediate price support is seen around 1.0830 and prices need to stay higher to keep the bullish structure intact. Right now, prices are testing the resistance-turned-support trend line of the previous triangle consolidation (1.0950-80 range)
EUR/USD is also re-testing the Fibonacci 0.618 retracement of its lower-degree upswing between 1.0830 and 1.1275 levels respectively. Furthermore, a long-term trend line support is also passing through the 1.0950-80 area as seen on the chart here. A high probability remains for the bulls to come back in control from current levels.
A potential rally towards 1.1500 to resume soon against 1.0830
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।
