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 1.1431 under downward pressure within a trend channel that has formed since early September, showing signs of exhaustion; we could expect it to continue falling in the coming hours until it reaches the strong 3/8 Murray support level around 1.1413.
If the euro consolidates above 1.14 in the coming hours, this could be seen as an opportunity to open long positions in anticipation of a technical rebound that could push it to the 21 SMA around 1.1466; or, if bullish momentum prevails, we could see a decisive breakout from the downtrend channel.
The Eagle indicator has reached oversold levels, and technically, we believe the euro could be setting up for a technical rebound in the coming days.
We could monitor the 1.1413 area or wait for a decisive break above 1.1474 to open long positions, as the EUR/USD pair is oversold, and a recovery is likely to occur in the coming days.
A decisive break above the 4/8 Murray level could change the outlook for the euro, and EUR/USD could reach the 200 EMA around 1.1552 and eventually the strong resistance at the 6/8 Murray level around 1.1596.
*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।
