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, the euro is trading around 1.0909, undergoing a technical correction after reaching the 1.0954 level. The H4 chart shows that the euro is showing signs of exhaustion.
On the chart, we can see the formation of a double top pattern, which indicates that a short-term technical correction could occur toward the 1.0642 area, where the 200 EMA is located and acts as dynamic support.
If the euro falls and consolidates below 1.09 and below the 21 SMA in the coming hours, this could be seen as an opportunity to sell with targets at 1.0830, the Murray 8/8 level, around 1.742, and finally 1.0642.
On the other hand, the Federal Reserve will announce its policy decision in the United States. This could give the euro a bullish boost, but it could be momentary, as traders expect a technical correction in the coming days due to overbought conditions.
The eagle indicator is reaching overbought levels, so we expect a technical correction to an important support level at 1.0742. Then, EUR/USD could resume its bullish cycle.
*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।
