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Trend Analysis (Fig. 1).
This week, from the level of 1.1685 (close of the last weekly candle), the market may start moving downward with the target at 1.1536 – retracement level 38.2% (blue dotted line). Upon testing this level, the price may turn upward with the target at 1.1571 – upper fractal (red dotted line).
Fig. 1 (weekly chart).
Comprehensive Analysis:
Conclusion from comprehensive analysis: downward movement.
Overall weekly outlook for the EUR/USD candle on the weekly chart: the price will most likely show a downward trend during the week, with the first upper shadow on the weekly black candle (Monday – upward) and the second lower shadow (Friday – upward).
Alternative scenario: from the level of 1.1685 (close of the last weekly candle), the pair may start moving downward with the target at 1.1447 – retracement level 50% (blue dotted line). Upon testing this level, the price may then turn upward with the target at 1.1498 – retracement level 85.6% (red dotted line).
*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।
