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 around 1.1335, below the downtrend channel formed on May 20 and showing signs of exhaustion.
The euro could resume its bullish cycle in the coming hours. However, there is strong resistance around 1.1352 and around 1.1390. Both levels could act as a barrier to the euro, and after a technical rebound, it could resume its bearish cycle.
If the euro falls below 1.1319, we could expect it to continue falling, with targets at the 200 EMA around 1.1248, and it could even reach the bottom of the downtrend channel around 1.1210.
The Eagle indicator is showing a negative signal, so any technical rebound will be seen as a signal to sell. The indicator also suggests that EUR/USD could reach the psychological level of 1.1000 in the short term.
We could expect a recovery for the euro if it consolidates above 1.1400. Hence, the outlook could be positive, and EUR/USD could reach the Murray 6/8 at 1.1476 and even surpass its yearly high.
*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।
