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EUR/USD, H4 chart
Over the weekend, some of the major business media outlets promised the market a EUR/USD rise to 1.1000. Their reason was the tough stance of the ECB on rate hikes, as well as some uncertainty of the Fed on the same issue. Experts believe that investors will sell German bonds and buy euros.
However, there is the banking crisis, which prompted investors to closely monitor the situation in banks, such as the Deutsche Bank. Although officials reassured markets that everything is fine, it is too early to say that the crisis is over.
This is why it is better to say that euro is in a range, which means that if there is growth, traders could sell from 1.1000.
If there is a decline, start buying around 1.0530.
Traders should also pay attention to the upcoming US inflation data this week.
*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।