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 rallied up to the 1.1066 high intraday on Tuesday, threatening to break above its recent swing high at 1.1076. The single currency pair found strong resistance and reversed lower to 1.1025 thereafter. It is seen to be trading close to 1.1035 at this point in writing as the bears remain poised to drag the price below 1.1000 in the near term.
EURUSD has settled below the 1.1075 high keeping the near-term bearish structure intact. The currency pair is still carving a larger-degree Up Gartley, so prices could slip below 1.0500 to complete the pattern. Potential remains for a drop towards 1.0250 and 1.0100 before the corrective wave terminates. We can expect a turn higher thereafter.
EURUSD is producing a Doji candlestick pattern on the daily chart. Thus, a close around 1.1020 will confirm the same. If completed successfully, the potential for a bearish reversal would increase significantly as the bears target the 1.1000 initial support. The near to medium-term structure continues to remain bearish till prices stay below 1.1076.
A potential drop against 1.1200
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।
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