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!
Early in the American session, the euro is trading around 1.0551, above the 21 SMA, and above the 2/8 Murray which represents an important support.
Yesterday during the American session, the euro continued its rise reaching the 1.0587 area. However, now we are observing a technical correction. EUR/USD is likely to reach the psychological level of 1.05 if the bearish pressure prevails.
On the contrary, with this technical correction, EUR/USD could resume the bullish cycle, giving traders an opportunity to buy at the current levels.
In case the euro makes a technical correction in the next few hours, we should expect EUR/USD to consolidate around 1.05, a key level that could offer a good technical bounce and will be seen as an opportunity to buy.
The eagle indicator is approaching overbought levels. Therefore, in case the euro reaches 3/8 Murray at 1.0620 in the next few days, it will be seen as a signal to sell.
The key point to watch is 2/8 Murray. Below this area, the euro could fall to cover the gap it left at the beginning of the week around 1.0418. The instrument could even reach 1/8 Murray around 1.0376.
*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।
