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 moving lower after the fake breakout above the 61% Fibonacci retracement ands is currently testing the key short-term technical support located at 1.0825. Any violation of this level would open the road towards the next technical support seen at the level of 1.0756. The momentum remains weak and negative on the H4 time frame chart as the bears are in charge of the price for now. Only a sustained breakout back above the level of 1.0966 would change the outlook to more bullish.
Weekly Pivot Points:
WR3 - 1.1179
WR2 - 1.1098
WR1 - 1.0991
Weekly Pivot - 1.0910
WS1 - 1.0803
WS2 - 1.0722
WS3 - 1.0615
Trading Outlook:
The EUR/USD market breakout above the 61% Fibonacci retracement of the recent weekly downtrend, positioned at 1.0963 and a weekly close 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।
