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 EUR/USD pair is trading below the 21SMA, below +1/8 Murray, showing a technical correction after forming a double top pattern around 1.0960.
The euro could continue its fall in the coming hours as it is technically overbought. The eagle indicator is showing a bearish signal, so any pullback while the euro trades below 1.0900 will be seen as an opportunity to sell.
The US dollar strengthened due to comments from the Federal Reserve Chairman. This is putting pressure on the euro.
At the same time, fears about economic growth in the Eurozone are also playing a role against the euro, as this could force the ECB to further reduce interest rates, which could lead to a fall in the euro.
Technically, the euro left a gap around 1.0365 on February 27. Hence, we believe the euro could return to these levels in the coming days or weeks, which would give us an advantage to sell below the psychological level of 1.10.
Our trading plan for the next few hours is to sell the euro below 1.0864, or, in the event of a technical rebound below 1.0906, with targets at 8/8 Murray located at 1.0742.
*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।
