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 in a bullish trend as price has managed within two trading sessions to recapture the tenkan-sen and kijun-sen price levels. Price has broken above the key short-term indicators suggesting that bulls are back in full control of the trend heading for new highs. EURUSD has provided some signs of weakness last week but price is again above the tenkan-sen (Red line indicator). The tenkan-sen provides support now at 1.0608 and as long as this is the case, bulls remain in full control of the trend. The kijun-sen (yellow line indicator) is also very close at 1.0587. This is key support also. The Chikou span (black line indicator) is also above the candlestick pattern confirming bullish trend. With current market conditions we see EURUSD moving higher towards 1.09-1.10. Support at 1.06-1.05 is key.
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