یہ بھی دیکھیں
16.11.2023 07:30 PM
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200.
The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum.
Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line.
The price reversed from this level and started to drop towards 1.0800, which acted as a temporary daily support before further downside movement.
The EUR/USD pair broke below the uptrend line and confirmed the bearish trend. Since then, the EUR/USD pair has been falling for a week before it could reach its next target around 1.0450, where several support levels existed.
On the other hand, any bullish correction towards 1.0850-1.0900 could be a good opportunity to sell (backside of the broken uptrend line).
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
