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 slips to 1.1688-90 zone on Wednesday on the noise created post FOMC. However, the yellow metal stills holds above the critical initial support around 1.1660 mark. We maintain our preferred count of the counter trend rally reaching 1.2050-60 zone, going forward. Bulls need to stay above 1.1660 though, to keep the bullish structure intact.
EURUSD is still unfolding a counter trend rally towards 1.2050 zone, which is the Fibonacci 0.618 retracement of the drop between 1.2266 and 1.1660 levels respectively. Immediate resistance is now seen at 1.1755, followed by 1.1850, while support remains intact around 1.1660. A break above 1.1755 will confirm that bulls are back in control.
Overall structure in the EURUSD remains bearish against 1.2350 mark. But the pair is retracing its recent down swing for now, before resuming lower again. Watch out for a break above 1.1755 in the next few hours or trading sessions.
Trading plan:
Potential rally seen towards 1.2050 against 1.1660
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。
