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EURUSD is trading near 1.21 and price continues to trade inside the boundaries of the bullish channel it is in since 1.17. Price so far made a high at 1.2115. Price is very close to key trend line resistance at 1.2140. The chances of a pull back towards 1.1850 or lower are high.
Red line - resistance
Green lines - bullish channel
EURUSD continues making higher highs and higher lows. Trend remains clearly bullish as long as price is above 1.2050. Breaking below 1.2050 will be the first sign of weakness. Bearish trend change will be confirmed if price breaks below 1.1993. In the 4 hour chart the RSI is already showing bearish divergence signs. In the Daily chart as shown above the RSI has still not reached overbought levels. At current levels I prefer to be neutral or protect longs by raising protective stops. I expect a reversal signal soon.
*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।
