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The euro is trading around 1.1531, rebounding after reaching the psychological low of 1.15. EUR/USD is bouncing around this area and is likely to continue rising in the coming days, reaching either the 7/8 Murray level around 1.1596 or the upper band of the descending trend channel at 1.1615.
If the euro continues to fall in the next few hours, we could expect it to reach the lower band of the descending trend channel around 1.1484 and could even reach the 6/8 Murray level around 1.1474.
The sharp drop from the resistance zone around 1.1650 seen last week could lead to a recovery in the euro. Therefore, if it continues to bounce above 1.1511, it could be considered a buying opportunity in the coming days, potentially reaching 1.1630.
A pullback towards the resistance zone located at the 7/8 Murray level around 1.1596 could be seen as a selling point in the coming days, with targets at 1.1474.
The Eagle indicator is giving a negative signal, so we expect a technical rebound before EUR/USD resumes its downward cycle.
*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।
