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 1.1609, pulling back after reaching 1.1623—which coincided with the 21-day SMA—and is currently within a downtrend channel that has been forming since August 21. The euro is expected to continue trading within this downtrend over the next few days until it reaches the 200 EMA level, around 1.1565.
If the euro encounters strong resistance near the upper band of the downtrend channel at 1.1635, this could be considered an opportunity to take short positions.
If the euro continues to fall below the 21-period simple moving average (SMA) in the coming hours, EUR/USD could reach the 6/8 Murray support level around 1.1596. If the instrument remains below this zone, it could continue to fall until it reaches the 200-period simple moving average (SMA), around 1.1565.
The euro will remain in a downtrend over the next few days, so we should closely monitor the downtrend channel and look for opportunities to sell below 1.1631 and buy above 1.1565.
The Eagle indicator has reached oversold levels, and a recovery in the euro is expected in the coming days. Therefore, if the 6/8 Murray level proves to be solid support, it could be seen as an opportunity to buy the euro.
*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।
