The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
EURUSD dropped below 1.0500 during the Asian session on Tuesday as the bears remain poised to come back in control. The single currency pair is seen to be trading close to 1.0480 at this point in writing. The bears aim to hit below 1.0400 in the near term. A high probability remains for a bearish reversal against the 1.0595 interim resistance.
EURUSD might be carving a potential top soon within the range of 1.0590-1.0600 as it is producing a shooting star candlestick pattern on the daily chart. A break below the 1.0424 immediate short-term support will potentially confirm that the bears are back in control. If the above holds well, the instrument is expected to drag below 0.9740 and 0.9535 going forward.
EURUSD wave structure is indicating that the larger-degree counter-trend rally, which began from 0.9535, is either complete at 1.0594 or is close to termination. If correct, the next major direction is expected to be lower towards 0.9400 and further. Only a consistent break above 1.0595 will enable the bulls to test the 1.0750 resistance and void the bearish outlook.
Potential bearish reversal against 1.0700
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।
