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 is trading around 1.0635. Trend remains bullish as price is above the cloud. Price recently tried to break below the tenkan-sen (red line indicator) but bulls stepped in and pushed it back above it. Although we have seen several signs of weakness, there is no trend reversal confirmation yet. Support by the tenkan-sen is at 1.0613. A daily close below this level would be a sign of weakness. At 1.0480 we find our next support level and the kijun-sen (yellow line indicator). Cloud support is at 1.01. Technically the RSI has already warned traders with a bearish divergence. We might see a new higher high in price and another divergence lower high by the RSI. This will increase the chances of a reversal.
*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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