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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EUR/USD has extended its daily decline in the American session on Thursday. The risk-averse market environment and the latest data from the US seem to be helping the dollar continue to gather strength and weighing on the pair, which was last seen trading below 1.1100.
Euro/dollar has refused to drop below the 200 Simple Moving Average (SMA) on the four-hour chart, while momentum remains to the upside. As mentioned earlier, the RSI is below 70, thus outside overbought conditions. All conditions are in place for a fresh upswing.
The mid-March top of 1.1140 is the first resistance line, followed by the fresh top of 1.1180. It is followed by 1.1230 and 1.1250.
Support is at the daily low of 1.1085, followed by 1.1070 and 1.1050.
*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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