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 EUR/USD pair is trading around 1.1623, after rebounding from the 200-period exponential moving average (EMA) around 1.1565; this level provided the euro with strong upward momentum.
From a technical perspective, the euro could reach the 61.8% Fibonacci retracement level around 1.1657. This point could be considered an opportunity to open short positions.
If the price falls below the 38.2% Fibonacci retracement level, which is near current levels, and a technical correction occurs below 1.1623 in the coming hours, we could sell, expecting the instrument to find strong support around the Murray 6/8 level and the 21-period simple moving average (SMA), near 1.1596.
The outlook for the euro remains bullish, and a pullback toward the Murray 6/8 level via the 200-period exponential moving average (EMA) could be viewed as an opportunity to re-enter long positions.
If the euro breaks above the 61.8% Fibonacci level, it could quickly reach the Murray 8/8 level around 1.1718.
The Eagle indicator shows a bullish signal, and any pullback—provided EUR/USD settles above the 200-period exponential moving average (EMA)—could be considered an opportunity to continue buying.
*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।
