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 1.1582, below the 7/8 Murray level and within the uptrend channel formed since June 27. EUR/USD is expected to continue rising in the coming hours but may struggle to break through, as technically the 7/8 Murray level on the daily chart corresponds to the 6/8 Murray level and could be considered strong resistance.
If the euro reaches 1.1596 or 1.16 in the coming hours and the price consolidates below the 7/8 Murray level, this could be considered a clear signal to sell, with targets at the 21 SMA located around 1.1546.
A decisive break below the uptrend channel and consolidation below 1.1540 could signal a negative outlook, and we expect the euro to reach support at the 200 EMA around 1.1493; ultimately, EUR/USD is expected to consolidate above the 6/8 Murray level around 1.1474.
The outlook for the euro could turn negative once the price falls below the 6/8 Murray level; it could then quickly reach the 5/8 Murray level around 1.1352.
Above the psychological level of 1.15, any pullback could be considered a signal to continue buying in the coming days, and below the 7/8 Murray level, we could expect EUR/USD to remain under downward pressure.
The EUR/USD pair could get stuck within a range between 1.1596 and 1.1493; both levels may present opportunities to buy and sell, and we should keep an eye on the highlighted areas.
*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।
