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 European session, the euro is trading around 1.1657, undergoing a technical correction after reaching the 61.8% Fibonacci retracement. It is likely to continue falling in the coming hours, reaching the 6/8 Murray support around 1.1596.
If the euro continues to rise, we could expect it to reach the 8/8 Murray resistance around 1.1716 and could even reach the top of the uptrend channel around 1.1798.
If EUR/USD consolidates above the 21 SMA and the 200 EMA in the coming days, there is still a possibility of an upward breakout, and it is likely to reach the key level of 1.1800.
A break below 1.1630 and, furthermore, a consolidation below 1.1596 could be seen as a negative signal, and the euro could reach the price levels seen at the end of July around 1.1393 in the coming days.
Meanwhile, we can look for opportunities to sell below 1.1718 and buy in case of a technical rebound above 1.1596, as a possible area in the range.
Key support levels are located at 1.1645, 1.1625, 6/8 Murray at 1.1596, and 5/8 Murray at 1.1535.
Resistance levels are located at 1.1702, 1.1718, 1.1760, which represents the top of the downtrend channel, and finally +1/8 Murray at 1.1798.
*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।
