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, testing the resistance of 7/8 Murray and consolidating above the 200 EMA, which could mean a further upward movement in the coming days.
If the euro consolidates above 1.1605 in the coming hours, we can expect a continuation of the upward movement, which could push the price up to 8/8 Murray around 1.1718.
The outlook remains bullish for the euro in the coming hours, and EUR/USD could continue its rise. So, as long as the price remains above the 21 SMA located at 1.1562, any pullback will be seen as an opportunity to continue buying.
Conversely, if the euro falls below 1.1560, we could expect a bearish acceleration, and EUR/USD could reach the bottom of the uptrend channel formed since early November around 1.1507.
The euro has been in a consolidation phase for several weeks, so it is expected to reach a high of 1.1740 in the coming days or fall and reach the 6/8 Murray support around 1.1470. We must keep an eye on the key level of 1.1560, below which the outlook could change, and above which it could continue its rise.
*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।
