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In the intermediate-term, the pair is just above the newly visited price levels around 0.9600 that haven't been visited since 2002.
That's why, some bullish recovery was recently demonstrated especially around such an important psychological support.
The nearest supply level was located around 1.0100 which failed to provide enough bearish pressure.
On the other hand, Intensive bullish price action was demonstrated around the lower limit of the depicted movement channel. Initial bullish targets around 1.0150 and 1.0500 were already reached.
Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated.
Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200 can be expected.
On the other hand, any bearish pullback towards the price levels of 1.0000 should be considered as a valid long-term 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।
