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!
The currency pair seems undecided and continues to move within the short term range pattern. It's trading at 1.0814 at the time of writing. Personally, I believe that the US data could bring strong action on the EUR/USD pair. As you already know, I've talked about a potential sell-off after failing to take out the 1.0867 former high.
Fundamentally, the USD needs strong support from the US economy today to be able to appreciate. Still, the Unemployment Claims indicator could increase to 214K in the last week from 205K in the previous reporting period. Philly Fed Manufacturing PMI could come in better compared to the previous reporting period, while Building Permits and Housing Starts data will be released as well. Positive US data should lift the greenback.
You already know that the EUR/USD pair is trapped between the 1.0780 and 1.0867 levels. Today, it has rebounded but it has found supply right below the upper median line (uml). This line represents a dynamic resistance.
On the other hand, the weekly pivot point of 1.0780 and the former low of 1.0766 represents static support levels.
The bearish scenario is still valid, a bearish closure below 1.0766 activates more declines and brings new short opportunities. This scenario could take shape if the US data comes in better than expected today.
*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।
