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 around 1.1596, below the 21SMA, and below the 200EMA with a bearish bias. The technical correction is likely to follow in the coming hours.
The euro attempted to break through the top of the downtrend channel, around 1.1650, but was unable to do so. We are seeing a strong technical correction. Therefore, EUR/USD could continue its decline until it reaches the 6/8 Murray located at 1.1474.
If the euro consolidates above 1.1609 in the coming hours, the outlook could be positive, and we could expect it to try again to break through the strong resistance at 1.1650.
If the euro consolidates above 1.1650 in the coming days, we could expect EUR/USD to reach 8/8 Murray located at 1.1718. It could even cover the gap it left around 1.1740.
Given that the Eagle indicator is showing signs of overbought, we could look for opportunities to open short positions below the 200 EMA with targets at 1.1518 and 1.1474.
*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।
