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
On Wednesday, the euro made a strong attempt to break below the support level of 1.0825, but, as we anticipated in yesterday's overview, it did not succeed in just a day. Nevertheless, it made an attempt, and speculative interest is clear. We expect another attack on the aforementioned support level. Traders could receive external help – yesterday, the S&P 500 decreased by 0.17%, and in today's Asia Pacific session, the S&P/ASX200 is losing 0.16%.
On Wednesday, U.S. lawmakers, for the fourth time, agreed to extend funding for some government agencies for a week, through March 8, and the rest for another two weeks, until March 22. Obviously, they will be able to approve the final allocation of $1.7 trillion even if they fail to do so in March.
We're waiting for the price to settle below the level of 1.0825 to confirm the market's choice in pushing the pair towards 1.0724. An alternative scenario, suggesting growth above 1.0905, will emerge after the price overcomes the resistance of the MACD line (1.0874).
On the 4-hour chart, yesterday, the price failed to settle below the MACD line, rising back above the red balance line. The Marlin oscillator is in its lower half, indicating a predominantly downward trend. In order to support the decline, the price needs to settle below the 1.0817 mark.
*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।
