Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The EUR/USD pair bounced from the 1.2060 region but remains below 1.21. The US dollar eases as equities stage a modest comeback as retail investors' frenzy temporarily cooled.
EUR/USD DAILY CHART – HEAD AND SHOULDERS TOP OR UPSIDE CONTINUATION?
The technical outlook for EUR/USD rates appears relatively mixed as price carves out a possible Head and Shoulders reversal pattern above a key range at 1.2055 – 1.2070. EUR/USD is supported by an ascending trend-line which holding the exchange rate since May 2020.
Remaining constructively positioned above 1.2050 could open the door for buyers to continue driving the exchange rate higher, with a break above the previous swing high ( 1.2180) probably carving a path to challenge the yearly high (1.2350)
Technical indicator prints bearish MACD divergence suggests that the exchange rates rally since November could be running out strength . The MACD histogram's notable decline in recent days also hints a fading bullish momentum.
However, a daily close below the January 18 low (1.2050) which coincides with Fibonacci support 38.2% retracement of its November/January rally, would likely validate the bearish reversal pattern and intensify near-term selling pressure. The Head and Shoulders implied measured move suggesting that price could fall from current levels to the psychological support at 1.1800.
*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।
