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 through the 1.0495 lows last week before finding some support. The single currency pair is seen to be trading close to 1.0525 at this point in writing and could drop further towards 1.0480 before the bulls are back again. On the flip side, a break above 1.0550 would confirm a potential bottom in place around 1.0495.
EUR/USD turned lower from the trend line resistance last week close to the 1.0620-30 area. The currency pair could drop close to 1.0450 before resuming higher again. On the other hand, a break below 1.0450 consistently would open the door towards 1.0200-50 as well before the bulls are back.
If prices hold above the 1.0450 potential support, the bulls would be inclined to attempt another high above 1.0630 in the next few trading sessions. Near-term support is seen close to 1.0480 which is also the Fibonacci 0.786 retracement of the recent upswing between 1.0450 and 1.0630 levels respectively. A bullish bounce remains a high probability if prices reach the 1.0480-90 zone.
The potential upswing to continue after testing 1.0480.
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।