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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Forecast :
The EUR/USD pair has broken below its 100 EMA at 1.0814, which, combined with the RSI below 60, keeps sellers optimistic about further losses.
Sellers need to break below support at 1.0759, the December low to extend the bearish move towards 1.0719, the 50 Ema, and the lower band of the rising channel to bring 1.0700 into target.
The EUR/USD pair gained traction and rose toward 1.0820 in the American session on Thursday, reaching two-day highs. The US Dollar stays on the back foot and helps the pair push higher amid lower Treasury yields, ahead of Friday's NFP (tomorrow).
Intraday bias in the EUR/USD pair stays on the downside for the moment, as fall from 1.0814 short term top is in progress. Sustained break of 100 EMA (now at 1.0800) will pave the way to retest 1.0759 support.
Signal :
Sell below the first resistance of 1.0814 with the targets of 1.0759, 1.0719 and 1.0700. On the upside, above 1.0814 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.0814 resistance holds, in case of recovery.
*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।
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