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!
After breaking below the 4/8 Murray line, the EUR/USD pair remains in a downtrend and is likely to continue falling in the coming days, as it is trading below the 21 SMA and the 200 EMA.
If the euro pulls back toward the 4/8 Murray level in the coming days, this could be seen as a clear signal to sell; the fact that the instrument is within the bearish channel supports our outlook.
In the coming days, we expect the euro to reach the 3/8 Murray level around 1.1596; this level could serve as good support for the euro, and we could use this area as a zone to execute long trades.
If the euro recovers above 1.1650 and consolidates above 1.1681 in the coming hours, we could buy with targets at the 21 SMA around 1.1709 or around the upper band of the downtrend channel located at 1.1715.
Another trading plan for the coming hours is to buy the euro above 1.1660. The Eagle indicator is in the oversold zone, showing a positive signal, so we must be very careful; if the price breaks below 1.1650, we should avoid buying.
*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।
