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!
The EUR/USD pair is trading around 1.0503, above 2/8 Murray, above the 21 SMA, and within a bullish trend channel which has been in progress since December 12.
If the euro sharply breaks the bearish trend channel and consolidates above 1.0520 during the American session, we could expect a further bullish movement. Therefore, the instrument could reach 3/8 Murray located at 1.0620 or the 200 EMA located at 1.0592.
On the contrary, if the euro breaks the bullish trend channel and consolidates below 1.0490, the outlook could be negative and we could expect EUR/USD to reach the weekly support of 1.0389. The price could even reach 1/8 Murray located at 1.0376.
During the holiday weeks, the markets will have low trading volume, so unexpected movements in the pair could occur. Be careful and avoid trading outside of stock market hours.
The outlook could be negative for the EUR/USD pair below 1.0490 and could be positive if it consolidates above 1.0520. It is important to monitor both levels to consider the option of buying or selling.
*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।
