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 1.1522, rebounding after hitting a low of 1.1475—a level that coincided with the 0/8 Murray level—and is now recovering some of its losses, but it may struggle to continue rising above the 1/8 Murray level.
The euro was showing signs of downward pressure yesterday during the US session when it attempted to decisively break out of the downtrend channel but was unsuccessful, as the 200 EMA was crossing at around 1.1617, which prevented the euro from making a further upward move.
Following these price movements, the euro fell below the 2/8 Murray level and below the 21 SMA. EUR/USD was trading below 1.1600 when the Fed's policy decision was released, and EUR/USD fell toward the psychological level of 1.15, even reaching 1.1475 for a few minutes before rebounding above the Murray line, which acts as strong support.
Technically, the euro could continue its fall in the coming days and reach the lower band of the downtrend channel formed since mid-May, around 1.1435.
If the euro consolidates above 1.1535 in the coming hours—where the 1/8 Murray line is located—we could buy with targets at 1.1584 and the 2/8 Murray line around 1.1596.
On the other hand, given that downward pressure continues and the Eagle indicator is showing a negative signal, we could look for opportunities to sell below the 1/8 Murray level around 1.1535, with targets at 1.15 and 1.1474.
*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।
