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 1.1396, rebounding after touching the lower band of the uptrend channel around 1.1389. If, in the coming hours, the euro consolidates above this area and remains within the uptrend channel, the outlook could be positive, and we could expect it to close the gap it left around 1.1416.
Technically, the euro is in overbought territory; however, a pullback toward the 21SMA level could be expected in the coming days before the selling trend resumes.
Conversely, if the euro consolidates above 1.1425, the outlook could be positive, and we could expect it to continue rising until it reaches the 6/8 Murray level, around 1.1474; ultimately, we could expect it to reach the 200 EMA level, around 1.1485.
The euro always adheres to its technical parameters, so our outlook could be positive in the coming hours. If EUR/USD consolidates above 1.1380, any pullback could be viewed as an opportunity to open long positions.
The first target in our bullish trading plan could be 1.1421, the level of closing the gap after reaching the 6/8 Murray level, and finally, the upper band of the bullish channel, around 1.15.
Conversely, if the price consolidates below 1.1380, the euro could continue to fall until it reaches the strong 5/8 Murray support level, around 1.1352. In this area, we might consider buying if the price rebounds and consolidates above this level.
*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।
