Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
EUR/USD is trading around 1.1656 after a strong technical rebound at the start of this week's session. During the Asian session, the euro rose from a low of 1.1621 to reach 1.1670, where the 3/8 Fibonacci retracement and the 21 SMA converge, which has now become a strong resistance level.
If the EUR/USD pair fails to break above 1.1665 and consolidate above this area, the euro could resume its downward cycle, and we could expect it to reach 1.1620 in the coming days and finally 2/8 Murray around 1.1596.
Conversely, if the euro consolidates above 1.1670, the outlook could be positive, and EUR/USD could reach the 200 EMA around 1.1891 or even Murray's 4/8 around 1.1718.
The Eagle indicator is showing a positive signal, so our trading plan for the coming days will be to buy the euro around 1.1620 or 1.1596. Above this zone, any pullback will be seen as an opportunity to open long positions.
A sharp break of the downtrend channel and consolidation above 1.1791 could change the scenario for the euro, and we could expect it to reach the 6/8 Murray at 1.1840 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।
