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
So, it seems that EUR/USD has chosen a direction at the end of the week, and that direction is downward.
It is worth paying attention to the dollar index behavior, as a significant upward movement is possible. If the current trend persists for a short while longer, it will create a technical breakout pattern upward for the dollar index, and a corresponding downward movement in the EUR/USD.
Currently, the most significant event in the market is the ongoing negotiations in the U.S. concerning the raising of the debt ceiling.
Importantly, the threat of a U.S. default should have led to a decline in the EUR/USD. However, we observe the opposite scenario. This fact suggests the strength of the movement.
We maintain our open sell positions from 1.0938, with the stop loss adjusted to nearly break-even at 1.0940, and we plan to buy if the price rises from 1.0940.
For now, we anticipate a further decline in the market.
*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।