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!
Trading closed below the 1.2199 level last week. This indicates that the upward momentum has stopped. The main target for a decline is the lower area at 1.2097. Reaching this level will make it possible to buy EURUSD at favorable prices, expecting to sustain the upward medium-term momentum.
Corrective selling is possible in case the 1.2199 level has been retested. Take note that the downward movement will remain corrective for now, so taking a short position will be required.
The pair has been forming a local accumulation zone for the last two weeks. This makes it possible to work in a flat phase. The limits of the flat will serve as excellent reference points for finding entry and exit points from trades. It is important to understand that there is a 70% probability that the pair will stay within the 1.2097 level before the year ends.
*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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