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!
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Today, the pair is trading within the WCZ 1/2 1.1911-1.1901. Opening the European session and closing the US session below this zone will allow us to consider selling up to the weekly control zone of 1.1811-1.1791 until the second half of the week.
It is important to take note that yesterday, a false breakout pattern formed on the monthly high. If the fall develops, the downward movement may become the main one in the first half of September.
To resume the upward movement, you will need to close today's trading above the WCZ 1/2. This will open the way for updating the monthly high. Working in an upward direction is still a priority as long as the daily trade closes above the 1.1901 level.
DCZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
WCZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.
MCZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
*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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