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Since early September, the previous depicted downside movement was initiated with projected targets towards 1.0780 then 1.0500 where significant bullish recovery was expressed.
Shortly after, an upside breakout took place above the previous movement channel. Since then, another ascending channel has been expressed.
However, The EUR/USD pair is currently overbought while breaching the upper limit of the newly established movement channel. That's why, the market will tend to decline at least towards 1.0800 for retesting.
On the other hand, the current ascending movement towards 1.1000 should be considered for a valid SELL Entry provided that no break above this upper limit can be achieved on the H4 chart.
*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।
