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!
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EUR/USD
Yesterday, the euro reached and tested the target support level at 1.1605 before reversing upward, likely with the intention of closing Monday's price gap. The immediate growth target is the signal-interim level at 1.1779. A breakout above this level would open the path toward the upper boundary of the price channel near the 1.1910 mark.
The signal line of the Marlin oscillator has formed its own upward channel, and the current reversal is occurring from its lower boundary — a technical confirmation of bullish momentum building.
The first growth target is the MACD line at 1.1687, followed by 1.1779.
On the four-hour chart, the resistance from the MACD line coincides with the same level on the daily chart. This overlapping resistance strengthens its significance, so a successful breakout through it could enhance (or accelerate) the bullish move.
By that point, the Marlin oscillator (on H4) is expected to move into positive territory, thereby aligning with and supporting this upward momentum.
An alternative scenario in this context would involve the euro falling below the 1.1605 level and consolidating beneath it, which would open the door for a decline toward the next target at 1.1495.
*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।
