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!
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EUR/USD is trading in positive territory above 1.1000 in the second half of the day, supported by the modest selling pressure surrounding the greenback. With Wall Street's main indexes edging higher after the opening bell, the US Dollar Index stays in the red below 98.50.
The EUR/USD pair bounced from a Fibonacci support level at around 1.0965, as it bottomed for the day at 1.0960. The daily chart shows that technical indicators remain within negative levels without directional strength, a sign of tepid buying interest. Furthermore, the 20 SMA maintains its firmly bearish slope above the current level and below the longer ones.
The 4-hour chart shows that technicals indicators aim north, but also that they remain within negative levels. The pair is currently struggling with a mildly bearish 100 SMA while below a flat 20 SMA. The next relevant resistance comes at 1.1070, the 38.2% retracement of this year's decline. Bulls may take control if the pair breaks above the level, aiming to the next Fibonacci resistance at 1.1150.
Support levels: 1.1000 1.0965 1.0920
Resistance levels: 1.1070 1.1105 1.1150
*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।
