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Blue lines - Fibonacci retracement levels
Red line- support trend line
EURUSD is trading around 1.09. In our previous analysis we noted the importance of resistance at the 1.0958 level where we find the 61.8% Fibonacci retracement level. As expected price paused its advance when it reached that level. Price is pulling back. Is this a rejection or just a short-term pull back? Technically trend remains bullish as price continues making higher highs and higher lows. Price remains above the red upward sloping support trend line and as long as this is the case, bulls are in control of the short-term trend. Support is key at 1.0828. The RSI has not followed price to a new higher high. The RSI provided yesterday the first bearish divergence sign. This is not a reversal signal but only a warning. Bulls need to be cautious.
*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।
