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The upward long-term momentum stopped in August, which made it possible for an accumulation zone to appear. Buyers dictated the end of last week. This led to forming a reversal pattern in order to continue growth. It is important to understand that strengthening the euro is still the mid-term trend. Moving down should be seen as an opportunity to buy an instrument at better prices.
Based on last month's movement, we can see that a strong support zone is being created. It acts as a springboard for the pair's growth.
You can get very favorable prices for longs in case of a deeper corrective movement before the monthly CZ for September. This pattern has a lower likelihood, but is necessary as a back-up plan. The September high is still the main growth target, so some of the buy positions must be consolidated when it is updated.
*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।
