Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The weekly chart for the EUR/USD pair shows that it is trading around 1.1664 and, according to the Fibonacci indicator, has reached the 50% retracement level from its high of 1.20 on December 21 to its low on June 7.
The euro could continue to rise in the coming days until it reaches the 61.8% Fibonacci level around 1.1815. If the euro remains below the 4/8 Murray level, as seen on the weekly chart, there could be strong downward pressure below 1.1718, and we could expect a technical correction in the coming weeks, potentially reaching the 23.6% Fibonacci level around the psychological level of 1.15.
Given that the trend remains bearish, we expect the euro to undergo a technical correction in the coming days. EUR/USD could continue to fall if the price consolidates below the 21-day SMA, potentially reaching the 200-day SMA around 1.1220.
If bullish momentum prevails, we should expect a decisive break above 1.1718, after which the currency pair would face strong resistance at the 61.8% Fibonacci level; this zone could also be considered a point to open short positions.
Our outlook for the coming weeks will remain bearish below the 4/8 Murray level, and we could sell in anticipation of the price reaching the 1.13-zone in a couple of months.
*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।
