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:
EURUSD has been drifting sideways since hitting 1.1880 highs last week. The single currency pair is seen to be trading around 1.1824 levels at this point in writing and is expected to break lower towards 1.1400 and 1.1150 levels respectively. Immediate resistance stays at 1.2010, while support is seen around 1.1610 levels respectively. After having produced a multi-month rally between 1.0636 and 1.2010, EURUSD might be preparing to correct lower. Also note that fibonacci 0.618 support is seen towards 1.1100 levels, which remains high probable bullish reversal zone. Furthermore, the support trend line since 1.0636 lows in March 2020 would be passing through the same levels and provide enough support. Bears remain poised to push lower until 1.2010 is intact.
Trading plan:
Remain short, stop @ 1.2010, target is 1.1300 and beyond.
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。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
