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EUR/USD is trading around 1.1391, rebounding after hitting a low of 1.1375, which coincided with the lower band of both the uptrend channel and the downtrend channel. The euro is expected to continue rebounding in the coming hours and consolidate above 1.1375.
Given that the euro has been under downward pressure in recent days and is consolidating below the 21 SMA, it could continue to fall if the price breaks below the uptrend channel and could reach the 5/8 Murray level around 1.1352.
Technically, we believe the euro could rebound in the coming days, so we will look for buying opportunities with targets at 1.1418 and ultimately at the upper band of the uptrend channel around 1.1453.
A decisive break above 1.1455 could see the euro continue rising until it reaches the 200 EMA around 1.1480 and could ultimately reach the upper band of the uptrend channel around the psychological level of 1.15.
The Eagle indicator is showing a positive signal, so we believe the euro could continue to rise in the coming days. However, we should avoid buying if the price falls below the 5/8 Murray level, as this would signal a change in the overall trend.
*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।
