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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 originated.
Since then, the market has been demonstrating another ascending movement contained within the depicted Blue channel.
Around Mid-November, the EUR/USD pair has demonstrated a strong upside movement, bypassing the upper limit of the movement channel towards the level of 1.0980. The same price level is currently being challenged.
That's why, the market will probably tend to do some retracement towards 1.0900 for retesting.
However, the recent ascending movement was expected to pursue towards the price zone of 1.1050-1.1060 where a solid technical level is located. However, earlier selling pressure was applied around 1.1000 leading to the current downside fall towards 1.0800.
This price zone around 1.0800 should be considered for a valid intraday BUY Entry provided that no break below 1.075 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।
