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!
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On Wednesday, the euro gained momentum, rising by 76 points and briefly testing the target level of 1.0590 with its upper shadow. During the Pacific session today, the price slightly retreated, likely waiting for the Marlin oscillator to approach the boundary of positive territory. This appears to signal a synchronized move into the next phase of the correction: breaking above the current resistance and advancing toward 1.0636, followed by 1.0724.
On the four-hour chart, the price is consolidating below 1.0590 while remaining above the balance line and MACD moving average. This type of consolidation suggests preparation for an upward breakout. The Marlin oscillator is slightly declining, potentially allowing for movement into overbought territory.
A return of the price to the 1.0449/83 support range, which would also push it below the MACD moving average, would invalidate the current scenario and present an alternative one, indicating a decline below the 1.0350 level.
*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।
