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 1.1687 under strong downward pressure after attempting to break the uptrend channel around 1.1745.
On the H4 chart, we can see that EUR/USD is reaching the support level of the 200 EMA, which coincides with the bottom of the uptrend channel formed since December 23.
If a break occurs below the bearish channel in the coming hours, we may look for opportunities to open short positions. If the instrument consolidates below the 200 EMA and 1.1690, it will be viewed as a signal to sell, with targets at the 3/8 Murray and ultimately at the 2/8 Murray.
Conversely, if there is a technical rebound above 1.1685, it could be seen as an opportunity to buy with targets at the 4/8 Murray as part of a respite for the bears. This area is key and could serve as a point to resume short positions.
The euro will likely test the key support level of 1.1596 in the coming days and could even reach the psychological level of 1.15. So, as long as the price remains below 4/8 Murray, there will be strong selling pressure.
*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।
