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!
EURUSD dropped below the 0.9667 low intraday on Wednesday before finding support again. The single currency pair is seen to be trading close to 0.9725 at this point in writing as the bulls are ready to come back in control. Yet another low cannot be ruled out and the same could be seen around the 0.9630-40 area which matches the Fibonacci 0.786 retracement of the recent upswing.
EURUSD has potentially carved two waves of the proposed corrective rally from 0.9535 earlier. The first wave completed at 0.9999 while the second one is potentially terminating at around 0.9670, which is also the Fibonacci 0.618 retracement of the above rally. A bullish reversal here would indicate that the third wave has begun towards 1.0200 and higher.
EURUSD is facing resistance at 1.0200, followed by 1.0365 and 1.0750, while interim support comes in around 0.9535. Prices need to stay above 0.9535 to keep the above bullish structure intact. Potential targets are supposed at 1.0200, 1.0300, and 1.0600. Watch out for a potential Morning Star candlestick pattern to be carved on the daily chart.
Potential rally through 1.0200 and higher against 0.9535
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।
