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!
EUR/USD is moving in a relatively tight range above 1.1400 ahead of the American session as investors remain on the sidelines while waiting for the US inflation data. Earlier in the day, the European Commission announced that it raised the 2022 inflation forecast to 3.5% from 2.2%.
The Relative Strength Index (RSI) indicator on the four-hour chart is sitting above 50 early Thursday, pointing to a bullish tilt in the near term. However, the pair might need to break above 1.1480 (static level) to convince buyers of another leg higher. Above that level, 1.1500 (psychological level, static level) aligns as the next resistance before 1.1550.
On the downside, supports ate located at 1.1400 (psychological level, Fibonacci 23.6% of the latest uptrend), 1.1350 (Fibonacci 38.2% retracement, 200 period-SMA) and 1.1320 (100-period SMA).
*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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