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!
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Early in the American session, the EUR/USD pair is trading around 1.1781, below the 200 EMA, and below the 21 SMA, consolidating after an attempt to break the 5/8 Murray.
On the H4 chart, we can see that the euro is under bearish pressure and has attempted several times to position itself above 1.1840.
However, we are seeing a technical correction, and EUR/USD is likely to continue falling in the coming days until it reaches the 4/8 Murray around 1.1718. The instrument could even reach the lower band of the downtrend channel around 1.1650.
If the euro consolidates above 1.1801 in the coming hours. This could be seen as a positive sign, and the euro could reach the 5/8 Murray around 1.1840 and could even attempt to break the downtrend channel around 1.1855.
With a decisive break of the downtrend channel and consolidation above 1.1870, we could see the euro return to the 6/8 Murray levels around 1.1962. EUR/USD could even reach the psychological level of 1.2000.
The Eagle indicator is showing a negative signal, which will be seen as a signal to sell while the price consolidates below 1.1850. The short-term outlook is for the euro is to reach 1.1596 and even the psychological level of 1.1500.
*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।
