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The euro is trading around 1.1521, below the 200-period moving average and the Murray 5/8 level, showing signs of exhaustion in its upward momentum. After hitting strong resistance at the 200-period EMA—which is acting as a ceiling—it is pulling back, though it could still consolidate below this zone in the coming days.
If, in the coming hours, the euro attempts to break above 1.1564—where the 200-period moving average is located—it could reach the Murray 6/8 level, around 1.1596. This level is key for the euro; it could act as strong resistance and be considered an opportunity to open short positions.
A drop below the 5/8 Murray level in the coming hours could keep the euro under downward pressure, and it could reach the 4/8 Murray level, around 1.1474, and ultimately test the 21-day simple moving average (SMA), around 1.1457.
The Eagle indicator has reached overbought levels; therefore, if a pullback occurs in the coming hours toward the 1.1555–1.1564 zone, it will be viewed as an opportunity to open short positions.
Our outlook will remain bearish for the coming days, and we expect EUR/USD to continue falling until it reaches the Murray 3/8 level, around 1.1413.
*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।
