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 around 1.1622, rebounding after finding strong support at the 3/8 Murray level at 1.1596. This level allowed the euro to recover; however, EUR/USD is now struggling to continue rising as it faces the 21 SMA zone and, in turn, the upper band of the downtrend channel around 1.1650.
The euro has upside potential in the coming days, so we will look for opportunities to continue buying as long as the price consolidates above the 3/8 Murray level. Hence, any pullback toward this zone will be viewed as a positive signal to buy.
A decisive break above the 21 SMA and above the downtrend channel could allow us to continue buying the euro, as it could reach the 200 EMA around 1.1686 and even reach the 4/8 Murray line around 1.1718.
Given that the Eagle indicator is showing a positive signal, our strategy will be to buy the EUR/USD pair as long as the price consolidates above the key 1.1600 level. Above this zone, the outlook remains bullish for buying, with medium-term targets around 1.1840.
*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।
