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!
Early in the American session, the Euro is trading around 1.0736, below the 21 SMA, and below 0/8 Murray. Since the euro hit the low around 1.0694, it has been bouncing and is now approaching a key point that could give it a chance to continue rising, only if the euro consolidates above 1.0745 in the next few hours.
On the contrary, if the euro falls below 1.0740, we could see a resumption of the bearish cycle and EUR/USD could return to the levels of around 1.0700 and could even reach -1/8 of Murray located around 1.0681.
Our outlook could be positive for the euro if it breaks sharply above the SMA 21 in the next few hours. Then, EUR/USD could reach 1/8 Murray located at 1.0803 and finally, it could reach the top of the bearish trend channel that coincides with the 200 EMA around 1.0833.
The daily pivot point sits at 1.0715. While the euro is trading above this area, this could give it a positive outlook. Data from the United States will be published in the next few hours. If the euro falls and rebounds around this level, it will be seen as an opportunity to buy. On the contrary, if the euro falls below this zone, the fall is likely to accelerate and we should avoid buying.
*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।