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Trend Analysis.
In September, from the level of 1.1685 (close to the August monthly candle), the price may begin a downward movement targeting 1.1438 – retracement level 23.6% (yellow dotted line). From this level, a corrective upward move is possible, with a target at 1.1504 – historical resistance level (blue dotted line).
Fig. 1 (monthly chart).
Indicator Analysis:
Conclusion from comprehensive analysis: a downward trend is possible.
Overall monthly outlook for the EUR/USD candle on the monthly chart: the price will most likely show a downward trend, with no initial upper shadow on the monthly black candle (first week of the month – black) and with a lower shadow present (last week of the month – white).
Alternative scenario: from the level of 1.1685 (close of the August monthly candle), the price may start moving downward toward 1.1504 – historical resistance level (blue dotted line). From this level, the market may then move upward with a target at 1.1588 – historical resistance level (blue 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।
