Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The euro is trading around 1.1576, below the 21-day SMA and the 200-day EMA, and within an uptrend channel formed since March 13. On the H4 chart, we can see that the euro has encountered strong resistance around 1.1640, where the 200-day EMA is located and is exerting downward pressure.
The euro is expected to fall below the 3/8 Murray level and below the 21 SMA in the coming hours, potentially reaching the support of the uptrend channel around 1.1530 and possibly even the 2/8 Murray level around 1.1475.
If bearish momentum goes ahead, the euro is expected to continue falling and could reach the 1/8 Murray line around 1.1352. As long as the price settles below the 200 EMA, any technical rebound will be viewed as an opportunity to sell in the coming days.
Conversely, a consolidation above 1.1646 could support a recovery in the euro, and EUR/USD is expected to reach the 4/8 Murray level around 1.1718 and could even close the gap left around 1.1820, eventually reaching the 5/8 Murray level around 1.1840.
The Eagle indicator has reached oversold levels, so a strong technical correction in the euro is likely to occur in the coming days. Therefore, we will look for opportunities to sell below 1.1645, with targets at 1.1474 and 1.1352.
*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।
