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!
Technical Market Outlook:
The EUR/USD pair has been rejected from the 100 periods MA as the breakout was not sustained and currently the price is trading below both of the moving averages: 50 and 100 (1.0667 - 1.0623) on H4 time frame chart. The local high during the bounce was made at the level of 1.0705, so this is the key short-term technical resistance for bears and the intraday technical resistance is still located at 1.0692 . The momentum turned to positive, but so far the bulls were not strong enough to continue the breakout. On the other hand, the next target for bears is the technical support located at 1.0483 (key short-term technical support for bulls). The intraday technical support is seen at the level of 1.0556.
Weekly Pivot Points:
WR3 - 1.06030
WR2 - 1.05759
WR1 - 1.05651
Weekly Pivot - 1.05488
WS1 - 1.05380
WS2 - 1.05217
WS3 - 1.04946
Trading Outlook:
Since the beginning of October 2022 the EUR/USD is in the corrective cycle to the upside, but the main, long-term trend remains bearish. This corrective cycle might had been terminated at the level of 1.1033 which is 50% Fibonacci retracement level. The EUR had made a new multi-decade low at the level of 0.9538, so as long as the USD is being bought all across the board, the down trend will continue towards the new lows.
*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।
