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EUR/USD is trading around 1.1466, rebounding after reaching the 1.1450 area. The euro is expected to resume its uptrend in the coming days, as it has touched support levels. If the EUR consolidates above the 2/8 Murray level in the coming hours, this could be seen as a positive sign.
If the euro falls below 1.1450, it could accelerate the downward movement, and we can expect it to reach the 1/8 Murray level around 1.1350.
The Eagle indicator has reached oversold levels, thus a recovery in EUR/USD is likely in the coming days. The instrument could rebound to the 21SMA at 1.1536 and possibly even the 200 EMA around 1.1621.
A decisive break above the downtrend channel formed since March 24 could be a positive signal to buy the euro in the coming days if it consolidates above the psychological level of 1.1500.
Given that the Eagle indicator is showing a positive signal, we will look for opportunities to buy in the coming hours above 1.1450, with targets at 1.1474, 1.1508, 1.1536, and finally at the 3/8 Murray level around 1.1596.
The euro has significant support that it reached on March 19 and again on March 30 around 1.1434, and it could form a double bottom pattern with upside potential.
*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।
