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A strong downward momentum on the EURUSD pair has been going on for a long time. The question arises, what correction levels can be expected to sell this pair?
The first significant resistance is the Weekly Control Zone 1.1017-1.1.0998. While the pair is trading below this zone, it is necessary to concentrate on finding a pattern to sell the instrument. A test of the specified zone will give the most favorable prices for entering a short position. Due to the strong pressure of the current situation, a reversal bearish pattern may form after a false breakout of yesterday's high.
It is important to understand that such a strong bearish momentum cannot be broken in a short time and the transition to a new phase will take quite a long time. This may take one to three months. In this regard, the search for purchases at this stage is not profitable.
*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।
