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 1.1861 below the 21 SMA and showing signs of exhaustion in its upward momentum. The euro could continue its fall in the coming days, but only if it consolidates below 1.1900.
If the instrument falls below the 5/8 Murray located at 1.1840, it is expected to reach the 200 EMA around 1.1800 and could even continue its bearish cycle until it reaches the 6/8 Murray around 1.1735.
With a consolidation above 1.1900 and a sharp break of the downtrend channel, we reckon EUR/USD could reach the 6/8 Murray located at 1.1962 and could even reach the psychological level of 1.20.
Given that the euro is within a downtrend channel formed since the end of January, a pullback towards 1.1900 or towards the top of the downtrend channel will be seen as an opportunity to open short positions with targets at 1.1840, 1.1800, and finally, at 1.1745.
*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।
