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!
Technical outlook:
EUR/USD reversed from 1.0991, pretty close to what was expected and discussed here. On lower timeframes, there is enough indication of a potential bullish reversal and a push through 1.1045 levels should be further confirmation. Please note that prices reversed from 618% fibonacci retracement of the previous rally between 1.0879 and 1.1180 respectively. There may be intraday dips towards 1.1000 levels, before picking up further but prices should ideally stay above 1.0991 levels going forward. Looking at the wave structure, a meaningful bottom is already in place at 1.0879 and a higher low might be carved at 1.0991 levels. Please also note that this could be a significant bullish reversal for EUR/USD taking prices above 1.1180 easily and up to 1.1500. Trading point of view, one should remain long against 1.0879 for now and we would revise stop loss going further according to price action.
Trading plan:
Remain long against 1.0879 with targets at 1.1500 at least.
Good luck!
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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