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 dropped further towards the 1.0550-55 lows amid risk aversion, but a potential bullish divergence is seen on the 4H RSI as marked here. A pullback is overdue at least towards the 1.0740-50 zone before the drop could continue further. On the flip side, the ongoing slide from the current levels could lead the instrument down to 1.0400 and lower.
EUR/USD has either completed its drop from 1.1275 or is very close to terminating and turning higher to produce a meaningful pullback. The next short-term support is now seen towards 1.0510-20 which should provide the necessary bounce. Also, note that a pullback from here has the potential to push the price down to 1.1000 going forward.
EUR/USD has carved a meaningful downswing between 1.1275 and 1.0550-55 and the bulls would be poised to produce a pullback rally at least towards 1.0740-50 which is initial resistance. A break above 1.0610 will confirm that a bottom is in place and the bulls are back in control to push through 1.0750.
A potential counter-trend rally is to resume soon towards 1.0750 and up to 1.1000
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।
