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!
As we suspected, wave iv rose slightly above minor resistance at 120.42. The peak at 120.99 should be enough to complete wave iv and set the stage for the final decline in wave v towards the 118.85 -119.24 target-zone. This should complete the correction in wave 2 and mark the beginning of a new impulsive rally in wave 3.
In the short term, a break below support at 120.42 (former resistance turns into support) will confirm that wave iv has completed and wave v is developing.
R3: 121.43
R2: 121.26
R1: 120.99
Pivot: 120.68
S1: 120.42
S2: 120.05
S3: 119.75
Trading recommendation:
We sold EUR at 120.40 with a 121.26 stop. We take profit and buy EUR at 119.25.
*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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