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!
After the rise of euro and pound to the upper limits of their ranges, where they have been for the past couple of weeks, a gradual movement towards the lower boundary should begin, especially considering the empty macroeconomic calendar yesterday. However, nothing of the sort happened, and on the contrary, the market even attempted to rise slightly.
Although the attempt proved unsuccessful and quotes quickly rolled back to their previous values, maintaining the balance today will be difficult due to the upcoming producer price data in the eurozone. Forecasts say the decline will slow down from -10.6% to -7.4%, indicating the gradual normalization of inflationary processes in the eurozone. This means that the European Central Bank will likely start easing its monetary policy soon, which will lead to euro falling in price and dragging the pound with it. However, the change will not be significant, as the market will simply shift towards the lower boundary of the range.
EUR/USD has been moving within the horizontal channel of 1.0800/1.0850 for a week, deviating from the specified boundaries temporarily. If this continues, the upper boundary area could serve as resistance, leading to an increase in the volume of short positions.
Similarly, in GBP/USD, the levels of 1.2600 and 1.2700 serve as boundaries, with the latter acting as resistance. This already led to a price rebound.
*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।
