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The EUR/USD pair continues to move upwards from the level of 1.1232. Today, the first support level is currently seen at 1.1232, the price is moving in a bullish channel now.
Furthermore, the price has been set above the strong support at the level of 1.1232, which coincides with the daily support. This support has been rejected several times confirming the veracity of an uptrend this week.
According to the previous events, we expect the EUR/USD pair to trade between 1.1232 and 1.1383.
So, the support stands at 1.1232, while daily resistance is found at 1.1340. Therefore, the market is likely to show signs of a bullish trend around the spot of 1.1284.
In other words, buy orders are recommended above the spot of 1.1284 with the first target at the level of 1.1340; and continue towards 1.1383.
On the other hand, if the EUR/USD pair fails to break through the resistance level of 1.1232 today, the market will decline further to 1.1186.
*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।
