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 might have resumed its corrective wave higher towards 1.0950 and up to 1.1000 as discussed earlier. The single currency pair is trading above 1.0700 mark at this point in writing as bulls are looking poised to target above 1.0800 initial resistance. Ideally, prices should now stay above 1.0600 mark and rally through 1.0800 at least in the near term.
EUR/USD has structurally completed its initial wave of its larger degree corrective phase, which had begun dince 1.1275 high in July. The currency pair is now progressing within the second wave, which is expected to reach up to 1.1000-50 range. Thereafter, its third wave lower should resume towards 1.0200 mark.
EUR/USD has taken out a major support at 1.0630 and is now retracing higher before resuming its final wave lower towards 1.0200 level. Initial target could be seen towards 1.0800, which is immediate resistance. A break higher will further encourage bulls to target 1.0950 and 1.1000 levels in the coming weeks.
Potential rally towards 1.0950 and 1.1000 is underway against 1.0600
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।
