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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EURUSD has been drifting sideways within a range between 1.0380 and 1.0460 in the last few sessions. The single currency pair found potential support at around 1.0360 last week and is likely to push towards 1.1100 in the next few weeks. The interim support at around 1.0350 should hold well going forward.
EURUSD has been working on a larger downswing between 1.2266 and 1.0350 since May 2022. Prices are likely to produce a larger-degree corrective rally towards the Fibonacci 0.382 retracement at least. The potential targets have been projected as 1.0950 and 1.1055 respectively. Besides, note that bulls might push the price towards 1.1500 since it is the Fibonacci 0.618 retracement of the above drop.
EURUSD has further carved a recent upswing between 1.0350 and 1.0786 since May 13, 2022, as seen on the daily chart. Prices are oscillating between the extremes as the pair found potential support again close to 1.0360 on Friday. A push above 1.0600-10 will be encouraging for bulls as they come back in control.
Potential rally through 1.1100 against 1.0300
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。
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