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!
EUR/USD is trading at around 1.1419 during the European session, showing recovery after reaching the 5/8 Murray support at around 1.1352. This support gave the euro a good bullish push, but we now see signs of exhaustion.
If euro gold continues to rise, we could expect it to face the strong resistance of the 6/8 Murray level, an area that has served as a barrier for the euro in the past. Therefore, we believe that if the price reaches this level, it will be seen as an opportunity to sell.
On the other hand, if the euro undergoes a technical correction and consolidates below 1.1400 and 1.1399, where the 21SMA is located, it could be seen as a signal to sell, with targets at the 200 EMA around 1.1278 or at the bottom of the uptrend channel.
US employment data will be released this Friday and could generate strong market volatility, so we should be alert to potential resistance and support levels, which could provide an opportunity to buy or sell over the next few days.
The eagle indicator is showing a negative signal for the euro, suggesting a possible fall in the coming days. Therefore, our outlook remains bearish as long as the price consolidates below the psychological level of 1.15.
*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।
