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!
Technical Market Outlook:
The EUR/USD pair has been seen testing the 61% Fibonacci retracement level again as the bulls resumed to up move from the local low. The intraday technical support seen at the level of 1.0941 and 1.0931 and the intraday technical resistance is located at 1.0966. Key short-term technical support rests at 1.0770. The momentum bounce back up into to positive area, so the bulls are temporary in control of the market.The larger time frame trend remains up, but in order to rally up, the bulls needs to breakout above the level of 1.0963 again.
Weekly Pivot Points:
WR3 - 1.1099
WR2 - 1.1033
WR1 - 1.0986
Weekly Pivot - 1.0920
WS1 - 1.0873
WS2 - 1.0807
WS3 - 1.0760
Trading Outlook:
The EUR/USD market rebounded from the weekly swing low at 1.0449, persistently ascending within the ongoing counter-trend corrective cycle. Bulls are eyeing the next target at the 61% Fibonacci retracement of the recent weekly downtrend, positioned at 1.0963. A breakout above this level would serve as the initial signal for a potential long-term trend reversal in favor of the Euro.
*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।
