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!
The euro is trading around 1.1518, consolidating above the 2/8 Murray line and above the 21-day SMA, which suggests it could continue to rise in the coming days.
After hitting a low around 1.1410, the euro staged a strong technical rebound and is now likely to continue rising in the coming days until it reaches the top of the downtrend channel at 1.1665; it could even reach the 200 EMA around 1.1678.
On February 27, the euro left a gap around 1.1820, so the euro will likely continue to trade with an upward bias in the coming days until it closes this gap.
If, in the coming hours, EUR/USD undergoes a technical correction toward the 2/8 Murray level at 1.1474, this will be seen as a buy signal with a target at 1.1596.
A consolidation below the 21 SMA and below 1.1483 could change the outlook for the euro, and we could expect it to go ahead with a bearish bias, potentially reaching the 1/8 Murray level around 1.1360.
Given that the Eagle indicator is showing a positive signal, any pullback—as long as the price trades above 1.1410—will be seen as a signal to buy 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।
