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 remains on the back foot in the early American session on Monday pressured by the renewed USD strength. Despite the disappointing Chicago Fed National Activity Index data, the US Dollar Index continues to advance toward 94.00.
From a technical point of view, EUR/USD is poised to extend its slump. It has broken below the 23.6% retracement of its latest daily slump after meeting sellers around the 38.2% retracement of the same slide in the previous week. The daily chart shows that the pair is currently challenging a bearish 20 SMA, as technical indicators are gaining bearish traction, the momentum within neutral levels and the RSI currently at around 42.
In the near term, and according to the 4-hour chart, the case for a continued decline is stronger, as technical indicators head south almost vertically within negative levels, as the pair broke below a flat 20 SMA and is currently extending below an also directionless 100 SMA. A steeper decline could be expected on a break below 1.1570, with market participants then eyeing a retest of the year low at 1.1525.
Support levels: 1.1570 1.1525 1.1480
Resistance levels: 1.1615 1.1670 1.1715
*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।
