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The EURUSD pair had been trapped between 1.0350 (the newly recorded Low) and 1.0750 which corresponds to the nearest existing SUPPLY level until bearish breakout below 1.0350 was recently achieved.
In the intermediate-term, the pair is just above the newly visited price levels around 1.0000 that haven't been visited since 2002.
That's why, some bullish recovery was recently demonstrated around 1.0000, especially around such an important psychological support.
The nearest supply level was located around 1.0200 where bearish rejection and a short-term SELL Entry were anticipated.
Hence, another bearish dip to test the price levels of 0.9500 was executed as expected.
Intensive bullish price action was demonstrated around these price levels (the lower limit of the current movement channel). Initial bullish target around 1.0100 is half-way from achievement.
On the other hand, any quick bearish pullback towards the price levels of 0.9520 should be considered as a valid BUY opportunity.
*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।
