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!
On Friday, the euro fell by 20 pips, but it has already surpassed that day's high this morning. However, it is likely to continue fluctuating within the range of 1.0350–1.0458 until Thursday, when the European Central Bank is expected to cut rates by 25 basis points. Even today might be challenging for the euro, as the core CPI for February is projected to decline from 2.7% YoY to 2.5% YoY, while the overall CPI is forecasted to drop from 2.5% YoY to 2.3% YoY. A decrease in inflation could strengthen expectations for a rate cut.
On the other hand, expectations for the U.S. dollar are strengthening. The Manufacturing PMI for February is anticipated to rise from 51.2 to 51.6. If U.S. traders take a more decisive stance, the euro could consolidate below the 1.0350 support level even before the European Central Bank meeting, potentially opening the way to a target of 1.0273 along the daily MACD line.
On the H4 chart, the price is showing a more pronounced sideways movement, aided by a slight divergence with the Marlin oscillator. It is possible that upcoming economic data may not be particularly favorable for the dollar. Today and tomorrow are likely to be a period of waiting.
*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।
