আরও দেখুন
07.03.2025 02:42 PM
Early in the American session, EUR/USD is trading around 1.0846, below +1/8 Murray, above the 21 SMA, and above the 200 EMA with a bullish bias but showing signs of exhaustion.
A few hours ago, the euro hit the weekly high at around 1.0871 above +1/8 Murray. This move represents a strong technical reversal.
In the next few hours, the employment data for February will be published. The NFPs are expected to be positive for the United States. This could put pressure on the euro and end up in profit-taking by the bulls, thus enabling a technical correction.
If the data is negative for the US dollar, the euro is expected to reach the strong resistance +2/8 Murray located at 1.0986. This could be seen as a point for a strong technical correction.
The eagle indicator has reached the extremely overbought zone of around 95 points. Therefore, there will be a fall towards the 21 SMA located at 1.0707 in the next few days. The instrument could even reach 7/8 Murray 1.0620.
EUR/USD is expected to return to 1.0376 in the next few weeks since it left a GAP in this area. The instrument is expected to cover it since technically, when these situations occur, the price of the asset returns to those levels to cover it.
You have already liked this post today
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
