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 has staged a rebound as the greenback lost interest after the US inflation data, which showed that the Core CPI rose at a slightly softer pace than expected in March. The pair, however, lost its bullish momentum after rising above 1.0900 and erased its daily gains.
EUR/USD was trading at around 1.0890 heading into the US opening, and the daily chart suggests there's room for deeper falls. The pair is down for a second consecutive day, meeting intraday sellers around a bearish 20 SMA as the longer moving averages maintain their bearish slopes far above the longer ones. The Momentum indicator is directionless around its midline, although the RSI heads firmly lower at around 36.
The 4-hour chart also supports a bearish continuation, as the pair is struggling to advance beyond a mildly bearish 20 SMA, as the longer moving averages accelerate their slides above the shorter one.
Technical indicators remain directionless, the Momentum around its midline and the RSI at around 41. The pair could break below the year low, at 1.0805, on a bearish acceleration through 1.0835, the immediate support level.
Support levels: 1.0835 1.0800 1.0760
Resistance levels: 1.0930 1.0965 1.1020
*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।
