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 1.1614 within the downtrend channel that has formed since August 19. Technically, on the H4 chart, we observe that the euro is below the 21 SMA at 1.1619 and below the 7/8 Murray line, which suggests EUR/USD could continue to fall in the coming days.
If the euro reaches the upper band of the uptrend channel again—around 1.1625—in the coming hours, this could be seen as an opportunity to open short positions. We expect EUR/USD to reach the 6/8 Murray line around 1.596; ultimately, we expect it to find strong support around 1.1578.
Technically, while the euro gets stuck below 1.1619, downward pressure persists, and we could view this area as an opportunity to open short positions. We believe that the euro could reach the 5/8 Murray level around 1.1535 in the coming days.
A decisive break above 1.1635 could change the outlook for the euro, and we could expect it to reach 7/8 of Murray around 1.1657 and ultimately reach 8/8 of Murray around 1.1718.
*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।
