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!
Due to the holiday in the United States, the market situation remained unchanged. Strangely enough, this stagnation might continue today; this time, it will be due to an empty economic calendar. The final data on the U.S. Manufacturing PMI is unlikely to have any significant impact. Even if it differs somewhat from the preliminary estimates, its influence will likely be more symbolic, as the market has already largely priced in this factor. The only thing that might affect the situation is possible statements from representatives of the European Central Bank. After all, inflation in the Eurozone is slowing down noticeably faster than in the United States. Therefore, the ECB might hint at a slightly more aggressive easing of monetary policy, which, in turn, could strengthen the U.S. dollar's position. However, such a development is unlikely since central banks do not make decisions based on data alone. They are more interested in the trend over time, and the recent decline in inflation in Europe may be temporary.
The EUR/USD pair is moving within the upper deviation of the psychological level of 1.1000/1.1050, indicating a sustained corrective cycle from the local high of the medium-term trend.
In the 4-hour chart, the RSI technical indicator has left the oversold zone but remains in the sellers' area between 30 and 50.
Regarding the Alligator indicator in the same time frame, the moving average lines (MA) point downward, which corresponds to the corrective phase.
Stabilizing the price below the 1.1050 mark is sufficient for the next stage of the decline. However, this will only result in a local shift of the support point toward the lower area of the psychological level.
The complex indicator analysis points to a corrective price move in the short-term and intraday periods. Indicators point to an upward trend in the medium term.
*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।
