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 1.1452 with a bullish bias. EUR/USD broke decisively above the 200 EMA and above the downtrend channel that had formed since July 14.
US economic data was favorable for the euro, causing EUR/USD to reach the July 13 high of around 1.1474 during Wednesday's US trading session.
If a technical correction toward the 21 SMA occurs in the coming hours, we could sell the EUR/USD pair if the price falls below 1.1443, with targets at 1.1394.
Conversely, if the euro consolidates above the 200 EMA, this could be seen as a positive signal to continue buying in the coming days, with targets at the 7/8 Murray level around 1.1596.
The Eagle indicator is showing a positive signal, and we could expect a technical correction toward the upper band of the uptrend channel—which was broken around 1.1394—to resume buy trades.
If the euro consolidates above the June-July high at 1.1480, the outlook could be positive, and we could continue buying the euro.
In the coming hours, we could sell the euro if the price consolidates below the 6/8 Murray level, with targets at the 21 SMA.
*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।
