Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
On Friday, the euro made a decisive move downward, testing the linear supports on the weekly chart. The Marlin oscillator on the weekly timeframe reached significant support at -0.0450, signaling a potential rebound into a correction.
The target level of 1.0350 was reached on the daily chart, indicated by a long lower shadow suggesting a potential reversal. The price may return to the target range of 1.0590–1.0636. Notably, the levels 1.0777 and 1.0882 align with the 50.0% and 61.8% retracement levels, further reinforcing their importance as potential points of attraction.
However, the expected recovery may not come easily. The opening gap adds complexity to this rise. If this gap is not closed today or tomorrow, the rally will unlikely extend beyond the first target range of 1.0590–1.0636.
On the 4-hour chart, the price is consolidating within the range of 1.0449–1.0483, waiting for stronger signals. Since the price failed to break through this range on the first attempt, stopping at the balance line resistance (red moving average), the gap may close according to the usual pattern—on the same day it was formed. From there, the euro will need renewed momentum to overcome the resistance range of 1.0449–1.0483 and the MACD line, which is rapidly approaching this zone.
*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।
