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!
EUR/USD is trading around 1.1642, below the 21-day SMA and within the downtrend channel, showing a technical bounce and recovering from last week's sharp decline.
The euro could resume its downtrend if it consolidates below 1.1655 and could reach the 3/8 Murray level around 1.1596.
If the technical rebound continues, the euro is expected to reach strong resistance around the upper band of the downtrend channel at 1.1690.
If the euro encounters strong resistance below the 200 EMA or around the upper band of the downtrend channel, this could be considered an opportunity to open short positions with targets at 1.1655 and 1.1596 around the 3/8 Murray level.
The Eagle indicator has reached oversold levels and is showing a slight positive signal. So, we believe that if the euro consolidates above the 3/8 Murray level, it could be considered an opportunity to open long positions with short-term targets around the 4/8 Murray level at 1.1718.
A break above the 200 EMA and above the 4/8 Murray level could change the euro's outlook, and we could expect a recovery up to 1.1840.
As long as the euro trades below 1.1718, any technical rebound will be viewed as an opportunity to enter short positions with medium-term targets around the psychological level of 1.1500.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
