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!
Yesterday was another confirmation that if it's a holiday in the United States, the markets are generally at a standstill. And in theory, today, the single currency should start moving. However, market participants will have to look for a reason to fuel this movement somewhere else, not in the economic calendar, as it is completely empty, just like yesterday. In general, the same is expected for tomorrow. So, unless we receive any kind of news that is unexpected and, most importantly, loud, the euro will likely move sideways.
Due to the absence of the main player in the financial market, the trading week started with a flat phase. The EUR/USD quote had a range of less than 30 pips, which is about 0.26%. The level of 1.0800 serves as resistance on the way of buyers.
On the four-hour chart, the RSI technical indicator is hovering in the upper area, indicating a pullback cycle from the support level of 1.0700.
On the same time frames, the Alligator's MAs are headed upwards, corresponding to the quote's movement.
The volume of long positions is expected to increase after the price stays above the level of 1.0800 during the day. Otherwise, this level may act as resistance, reinforcing short positions towards 1.0700.
In terms of the complex indicator analysis, we see that in the short-term period, technical indicators are pointing to a flat phase. Meanwhile, in the intraday period, the indicators are reflecting a pullback.
*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।
