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 1.1722, above 4/8 Murray, approaching a strong resistance zone, which represents the top of the downtrend channel formed since December 17. So, we believe it could encounter strong rejection around 1.1745.
If EUR/USD reaches 1.1740 below this level in the next few hours, it could be seen as an opportunity to open short positions with a target at the 200 EMA around 1.1690. The price could eventually reach the bottom of the downtrend channel around 1.1650.
A definitive break above the downtrend channel and a consolidation above 1.1750 could lead to a recovery in EUR/USD. The instrument could reach the 6/8 Murray at 1.1840 in the coming days.
The Eagle indicator is showing positive divergence, so if a technical correction occurs towards the 3/8 Murray support or towards the 200 EMA located at 1.1690, it will be seen as a good point to open long positions.
If the euro breaks decisively below the 3/8 Murray and consolidates below 1.1650, the outlook could be negative and EUR/USD could reach the psychological level of 1.1500 in the short term.
*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।
