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!
EUR/USD is trading around 1.1362, rebounding after hitting a low of around 1.1323. This level is key and could provide an opportunity for the euro to continue rising in the coming days.
On the H4 chart, we see that the euro has reached the upper band of the downtrend channel formed since June 16. We can expect consolidation above the 5/8 Murray line, which should give EUR/USD enough strength to break through this zone and, in turn, break through the 21SMA located at 1.1385.
In the coming hours, if EUR/USD consolidates above 1.1385, the outlook could be positive, and we could expect a recovery to reach the 200 EMA around 1.1558.
Our outlook remains positive for the euro as long as the price consolidates above 1.1350, where the 5/8 Murray level is located, which could act as strong support for the euro.
The Eagle indicator has reached oversold levels, so the euro is expected to rebound above its current level in the coming hours. As long as the euro remains above the 5/8 Murray, this would signal a positive trend, encouraging further buying in the coming hours and 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।
