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The euro has been declining for the third consecutive day, starting from Friday's drop, as it seeks support for consolidation or correction. During this correction, a pullback could extend down to 1.0667.
If the price chooses to stabilize until the Federal Reserve meeting on March 19, it is unlikely to fall below 1.0762. Overall, the uptrend does not seem to be finished, and we anticipate that the high from March 11 will be surpassed. The decline of the Marlin oscillator appears more as a cooldown from the overbought zone rather than a sign of reversal, suggesting further growth ahead.
On the four-hour chart, the MACD line is approaching the price. If the price breaks below this line, which coincides with yesterday's low of 1.0823, it could lead to an extension of the decline towards 1.0762, marking the lower boundary of the expected range.
*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।