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The EUR/USD pair has been moving sideways within the depicted expanding channel since August 3.
Previously, a temporary resistance level was formed around 1.1900 which prevented further upside movement for and forced the pair to have a downside pause for sometime.
On August 31, the EURUSD pair achieved another breakout above the previously mentioned resistance zone.
Significant SELLING pressure was applied around 1.2000 where the upper limit of the movement pattern came to meet the pair.
Recently, the EUR/USD pair has demonstrated a quick bearish decline towards 1.1800. More downside movement is expected towards the lower limit of the movement pattern around 1.1770-1.1750.
Any downside pullback towards this price zone around 1.1750 should be considered for a BUYING opportunity.
Initial target would be located around 1.1860 while Stop Loss should be placed just below 1.1720.
*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।
