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EURUSD rallied through 1.1375 levels early Wednesday before pulling back. The single currency is seen to be trading close to 1.1360 levels at this point in writing and could further decline through 1.1330-40 zone before finding support. Potential also remains for a drop below 1.1270 mark before the rally could resume through 1.1400 levels.
EURUSD is trading close to its upper range of consolidation for now and a push above 1.1400 from here could trigger a bullish breakout. In that case bulls will remain poised to push through 1.1500 and 1.1700 mark in the near future. On the flip side, a drop below 1.1330 will open the door to test support around 1.1250-70 zone before resuming rally.
Either way, EURUSD remains good to be bought on dips as bias continues to remain bullish. Only a break below 1.1186 will bring back bears into play as they would be poised to drag further through 1.1160. Watch out for a corrective drop from here before the final breakout rally above 1.1400 mark.
Potential rally through 1.1500 and 1.1700 against 1.1150.
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।
