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 has reached the 200-day EMA around 1.1645 and is showing signs of exhaustion in its upward momentum. A technical correction is expected in the coming days toward the 2/8 Murray channel around 1.1475.
Recent trading in the euro shows that it has encountered strong resistance levels and is struggling to continue rising; therefore, we believe a technical correction toward the 1.1474 area could occur. This level could offer an opportunity to resume its bullish cycle and open long positions.
If the upward momentum prevails and the euro consolidates above 1.1645, this could be seen as an opportunity to open long positions with targets at the 4/8 Murray level around 1.1718. Ultimately, we expect EUR/USD to reach the zone where it left a gap in February, around 1.1840.
The Eagle indicator has reached overbought levels, so we should exercise caution, as the euro could experience a technical correction in the coming days before resuming its uptrend.
The trading plan for the coming hours is to sell the euro below 1.1645, with targets at 1.1564 and 1.1474. The Eagle indicator supports our bearish strategy.
*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।
