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, EUR/USD is trading around 1.0846, below +1/8 Murray, above the 21 SMA, and above the 200 EMA with a bullish bias but showing signs of exhaustion.
A few hours ago, the euro hit the weekly high at around 1.0871 above +1/8 Murray. This move represents a strong technical reversal.
In the next few hours, the employment data for February will be published. The NFPs are expected to be positive for the United States. This could put pressure on the euro and end up in profit-taking by the bulls, thus enabling a technical correction.
If the data is negative for the US dollar, the euro is expected to reach the strong resistance +2/8 Murray located at 1.0986. This could be seen as a point for a strong technical correction.
The eagle indicator has reached the extremely overbought zone of around 95 points. Therefore, there will be a fall towards the 21 SMA located at 1.0707 in the next few days. The instrument could even reach 7/8 Murray 1.0620.
EUR/USD is expected to return to 1.0376 in the next few weeks since it left a GAP in this area. The instrument is expected to cover it since technically, when these situations occur, the price of the asset returns to those levels to cover it.
*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।
