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The EUR/USD pair had been trending down to 0.9600, the lowest level since 2002, but then rebounded strongly, especially around this vital support level.
The bears were not able to hold the next resistance level at 1.0100, and they lost ground to the bulls who drove the prices higher along the lower edge of the shown channel.
This resulted in reaching new bullish targets at 1.0250, 1.0500, and 1.0600.
The bulls controlled the price action around the key level of 1.0550-1.0600, leading to more bullish continuation towards 1.0800.
Moreover, there is an ongoing bullish movement towards the nearest resistance zone around 1.1150-1.1200 where price action should be watched for a possible SELL Entry if signs of bearish rejection are expressed.
On the other hand, any bearish pullback to the price levels of 1.1000 should be seen as an Intraday BUY Entry.
*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।
