The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
EUR/USD changed little after reaching 1.1998 static support. Still, the pressure remains high as long as it stays under the immediate downtrend line. USDX's further decline should force the pair to drop towards new lows.
Today, the eurozone Final Services PMI, German Final Services PMI, and the US ADP Non-Farm Employment Change, ISM Services PMI, and the Final Services PMI could be decisive for EUR/USD's future development.
EUR/USD stands at 1.2017 level above 1.1998 critical static support. A valid breakdown below it may really signal a further decline in the short term. The pair has increased a little to test and retest the weekly pivot (1.2060) and now it could move lower.
Its failure to stabilize above the downtrend line and above the former uptrend line signaled that we may have a corrective phase in the short term.
The bias will be bearish as long as the rate stays below the immediate downtrend line.
Sell EUR/USD if the price drops and closes below the 1.1998 level. The next major downside target is seen at the major descending pitchfork's median line, around the R2 (1.1926).
*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।
