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The market continues to move sideways, although technically, both euro and pound declined slightly. The movement could be considered symbolic due to the very small range. The empty macroeconomic calendar and the complete absence of any significant news that could impact market sentiment led to this stagnation.
EUR/USD bounced back from the lower limit of the psychological level of 1.0950/1.1050, resulting in a retracement that led to a repositioning of trading forces. In order for a technical signal for an upward movement to reappear, the quote needs to return above 1.0950. Until then, the market will maintain its current trajectory.
GBP/USD follows a similar cycle of price fluctuations. Initially, an upward movement occurred where the quote reached 1.2850. A retracement started shortly after, which could be considered as a repositioning of trading forces before a subsequent rise.
*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।
