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 EUR/USD pair is trading around 1.1613, reaching the strong resistance at the 200 EMA and approaching the top of the uptrend channel around 1.1645.
Following a sharp technical correction toward the 1.1435 area, the euro found strong support and rebounded above the 2/8 Murray line. The euro managed to recover above the psychological level of 1.15 and is now approaching resistance levels, so a technical correction is expected in the coming days.
Given that the euro is approaching the 200 EMA zone, which also acts as resistance, we will look for opportunities to sell below this area. Alternatively, if EUR/USD continues to rise, we could expect it to reach 1.1640; around this zone, we could sell since it is located at the upper band of the uptrend channel, which also exerts downward pressure.
In the coming days, the euro is expected to fall toward the 21 SMA, located at 1.1522, and could even reach the 2/8 Murray support level around 1.1474.
If the euro breaks above 1.1660 and consolidates above this zone, it could be seen as a positive signal, and EUR/USD could reach the 4/8 Murray level around 1.1718, and finally could fill the gap left around 1.1820.
*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।
