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 remains under pressure amid increased demand for U.S. government bonds against the backdrop of the Middle East crisis, where an escalation in the form of a U.S. ground operation against Iran may occur in the near future. How exactly this will unfold remains to be seen, but one thing is clear: rising oil prices will support demand for the U.S. dollar, along with expectations that the Federal Reserve will maintain its monetary policy in the foreseeable future, with a risk of rate hikes by the end of the current year.
Against this background, a gradual strengthening of the U.S. dollar in the Forex market can be expected.
From a technical perspective, the pair has fallen below the 1.1500 level, which may lead to a local decline by the end of the current week.
Technical picture and trading idea:
Price is below the middle Bollinger Band line, below the 5-period SMA and the 14-period SMA. The RSI is below the 50% level and is gradually declining. The Stochastic indicator is above the oversold zone and is not providing clear signals.
A consolidation below the 1.1500 level may lead to a decline toward 1.1400 as early as this week. A potential entry point for selling could be around 1.1490.
*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।
