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The euro is trading around 1.1600, rebounding after hitting the bottom of the uptrend channel formed since March 13. The euro is currently around the 3/8 Murray level and below the 200 EMA, which is likely to act as a resistance zone and could prevent EUR/USD from further rise.
A decisive break above 1.1630 and a break above the 4/8 Murray level could enable the euro to continue rising toward 1.1840.
The euro is trading within a bearish trend channel formed since February 10 around 1.1670. A breakout is expected; if the price consolidates above this zone, it could be seen as a positive signal for the euro.
A drop below the 200 EMA or below the 4/8 Murray level could present a selling opportunity, as the euro is currently within the primary downtrend channel, and this zone acts as strong resistance.
Any pullback toward the 2/8 Murray line In the coming hours or toward the bottom of the secondary uptrend channel could be seen as a buy signal, with targets at 1.1620, 1.1650, and 1.1690.
*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।