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 EUR/USD pair was trading around 1.0895, above the 21 SMA, and above the 8/8 Murray, with a bullish bias. The euro is expected to reach strong resistance levels around 1.0986 in the coming days. EUR/USD could even climb to the psychological level of 1.1000.
Strong volatility is expected in the markets this week as several central banks around the world are due to announce their interest rate decisions. These events could affect the strength of the euro, or, on the contrary, could favor an upward movement during which EUR/USD could approach the key level of 1.10.
Should the euro fall below the 21st SMA at 1.0875, we could expect a further bearish movement, potentially reaching the Murray 8/8 at 1.0742 and even the 200 EMA around 1.0607.
The Eagle indicator is showing negative signals. Thus, a strong bearish correction is expected in the coming days, sending the price down to at least 1.0750.
We should pay attention to the key level at 1.0865. Below this level, the outlook for the euro is negative. Above this level, the euro's price is expected to continue rising in the coming days.
*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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