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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During Friday's Asian session, the euro is posting a modest gain of 0.15%, as traders remain optimistic about the outcome of negotiations between the United States and Iran.
From a technical perspective, the EUR/USD pair continues to consolidate within a sideways range, constrained by key moving averages. Immediate resistance is provided by the 20-day SMA at 1.1645, followed by the 50-day SMA at 1.1670 and the 200-day SMA near 1.1679.
A breakout above these levels would open the way for a test of the 100-day moving average, located at the psychological level of 1.1700.
On the other hand, the nearest support is located at the May 21 low of 1.1575. If this level is broken, the next targets would be the April 6 low at 1.1504 and the March 30 low at 1.1443.
As the oscillators remain in negative territory, bears continue to hold the advantage in the market.
*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।
