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 1.1195, below the 21-day simple moving average (SMA) and within a downtrend channel, showing signs of weakening momentum. The H4 chart suggests that further downside is likely in the coming days.
With the euro trading below the 0/8 Murray level and below the 21-day simple moving average (SMA), the outlook remains bearish. From a technical perspective, the euro could reach support near the -1/8 Murray level around 1.1163.
If downside momentum persists, the euro could reach the October 14 low near 1.1108, a key support level, in the coming days.
A pullback toward 1.1222–1.1230 (around the 0/8 Murray level) would present an opportunity to add short positions.
On the H4 chart, the Eagle indicator is in overbought territory, which supports the bearish case and increases the probability of further weakness in the coming days.
*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।
