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The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200.
The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum.
Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line.
The price reversed from this level and started to drop towards 1.0800, which acted as a temporary daily support before further downside movement.
The pair broke below the uptrend line and confirmed the bearish trend. Since then, the EUR/USD pair has been falling for a week.
The next target for the bears could be 1.0450, where several support levels are located. However, any bullish correction towards 1.0800 could be a good opportunity to sell (backside of the broken uptrend line).
*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।
