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 has extended its daily rebound toward 1.0950 in the early American session on Wednesday. The US Dollar Index, which reached its highest level in nearly two years at 99.75 earlier, fell into negative territory below 99.50 as investors wait for the Fed to release the minutes of the March policy meeting.
EUR/USD is trading in the 1.0920 price zone, posting modest intraday gains. However, the risk is skewed to the downside, according to technical readings. In the daily chart, the pair remains well below all of its moving averages, with the 20 SMA gaining bearish strength at around the 1.1000 figure and below the longer ones. Technical indicators hold within negative levels, partially losing their bearish strength but without signs of downward exhaustion.
The 4-hour chart shows that technical indicators have corrected extreme oversold readings but turned flat within negative levels afterwards, indicating absent buying interest. Meanwhile, the 20 SMA maintains a firmly bearish slope below the longer ones, capping the upside a few pips above a Fibonacci resistance level at around 1.0965.
Support levels: 1.0870 1.0830 1.0805
Resistance levels: 1.0965 1.1020 1.1070
*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।