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!
Technical outlook:
EURUSD yet again complies with the projected wave structure early this week and rallies over 100 pips to reach 1.2090 today. The corrective rally that was projected earlier seems to be complete now or very close to completion. The resistance zone has been met and bears would be preparing to take control back from 1.2090/1.2100 levels soon.
EURUSD down side projections for May 2021 remain below 1.1700 at least. The single currency pair is seen to be trading around 1.2080 levels at this point in writing and is expected to carve a meaningful top soon. Immediate resistance stays around 1.2150, while support comes in around 1.2052 levels (short term) respectively. A break below 1.2052 confirms a meaningful to in place and that bears are here to stay.
EURUSD might be setting up for a sharp decline towards 1.1300 mark at least and potential remains to drop through 1.0636 levels as well, in the next several weeks. Bears are going to remain in control as long as prices stay below 1.2350 levels respectively. Traders might prepare for a reversal either today or Monday.
Trading plan:
Remain short, stop @ 1.2250, target is @ 1.1300 at least.
Good luck!
*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।
