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 1.1466, rebounding after hitting a low of 1.1416—a level that coincided with the lower band of the downtrend channel formed since May and also aligned with the -1/8 Murray level. We believe EUR/USD could continue its rebound in the coming days until it reaches the strong resistance at the psychological level of 1.15.
If the euro encounters strong resistance around the 0/8 Murray line near 1.1474 in the coming hours, we could expect it to retreat toward the 1.1413 level (the -1/8 Murray line), and this area could, in turn, form a double bottom pattern.
Given that the euro is under downward pressure, we could open short positions below the 0/8 Murray level, expecting the euro to consolidate around 1.1413 in the coming days.
If EUR/USD reaches the psychological level of 1.15 around this area, it could be viewed as a zone to open short positions, with targets at 1.1413.
The Eagle indicator is showing a negative signal, so we believe the euro could continue to fall in the coming days; however, EUR/USD could enter oversold territory and experience a strong technical rebound.
*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।
