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EUR/USD is currently trading around 1.1520 and, after several attempts to break above the 200-period exponential moving average (EMA), is now undergoing a sharp technical correction. The instrument is currently trading below the 200-period EMA and the Murray 5/8 level, with a bearish signal.
If EUR/USD reaches the Murray 5/8 level, around 1.1535 in the coming hours, this zone could be considered an opportunity to open short positions. We expect it to reach 1.1482 or the Murray 4/8 level, around 1.1474, in the coming days.
Our outlook remains bearish as long as the euro trades within this zone, as it has proven to be a solid barrier since early August. EUR/USD will likely experience a technical correction toward the 61.8% Fibonacci level in the coming days.
The euro has strong support around 1.1474; this zone could offer an opportunity to open long positions, with the expectation that the instrument will return to the 1.1563 zone or even reach the Murray 6/8 level, around 1.1596.
The Eagle indicator is showing a negative signal, so we will look for opportunities to open short positions as long as the instrument remains below the 200-day EMA; even if a pullback occurs toward the Murray 6/8 level, this could also be considered a selling opportunity.
*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।
