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EUR/USD
So, it seems that EUR/USD has chosen a direction at the end of the week, and that direction is downward.
It is worth paying attention to the dollar index behavior, as a significant upward movement is possible. If the current trend persists for a short while longer, it will create a technical breakout pattern upward for the dollar index, and a corresponding downward movement in the EUR/USD.
Currently, the most significant event in the market is the ongoing negotiations in the U.S. concerning the raising of the debt ceiling.
Importantly, the threat of a U.S. default should have led to a decline in the EUR/USD. However, we observe the opposite scenario. This fact suggests the strength of the movement.
We maintain our open sell positions from 1.0938, with the stop loss adjusted to nearly break-even at 1.0940, and we plan to buy if the price rises from 1.0940.
For now, we anticipate a further decline 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।
