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EUR/USD is trading around 1.1598, above the 21 SMA, and above the 200 EMA with an upward trend. The instrument is likely to continue rising in the coming days until it reaches the top of the upward trend channel around 1.1655.
If the euro falls below 1.1587, we could expect a technical correction towards the bottom of the uptrend channel located at 1.1526.
A sharp break of the uptrend channel and consolidation below 1.1560 could signal a trend reversal, and we could expect the euro to reach 6/8 Murray around 1.1474 in the coming days.
The euro is expected to continue rising in the coming days, as ERUR/USD is likely to reach 1.1718, where the 8/8 Murray is located. The instrument could even cover the gap left at about 1.1743 in September.
The outlook remains bullish for the EUR/USD pair. We expect it to continue rising in the coming days, so any pullback while trading within the uptrend channel will be seen as the right time to plan long positions.*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।
