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 euro is trading at 1.1628, rebounding after hitting the lower band of the downtrend channel at 1.1618. Since then, there has been a strong technical rebound, but it lacked the momentum to sustain the upward move, so we are seeing a new downtrend.
If the euro consolidates above the daily support level around 1.1621 in the coming hours, it could be considered a buying opportunity with a target of 1.1650 and the upper band of the downtrend channel around 1.1663.
After breaking through the 4/8 Murray level, the euro failed to consolidate above this zone and attempted to break through on several occasions but was unable to do so, which triggered a sharp drop from 1.1718 to 1.1618; therefore, we believe the euro could see a recovery in the coming days.
If bearish momentum prevails, the euro has a significant and key support level around the 3/8 Murray line at 1.1596. This level could offer a good opportunity to open long positions and buy during a simple technical rebound if the price consolidates above this zone.
The Eagle indicator has reached oversold levels and is giving a positive signal, so we must be very cautious as a strong technical rebound could occur in the coming days.
*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।
