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!
Technical Market Outlook:
The EUR/USD pair has made another higher high at the level of 1.0974 as the bulls are in full control of the market. The level of 1.0930 will now act as the technical support. The local low was made at the level of 1.0884, so the level of 1.0819 will not act as the intraday technical support. The next target for bulls is the swing high seen at 1.1030 which is the swing high from the January 2023. The strong and positive momentum supports the short-term bullish outlook for EUR and there is still a room for more upside.
Weekly Pivot Points:
WR3 - 1.08705
WR2 - 1.08358
WR1 - 1.08143
Weekly Pivot - 1.08011
WS1 - 1.07796
WS2 - 1.07664
WS3 - 1.07317
Trading Outlook:
Since the beginning of October 2022 the EUR/USD is in the corrective cycle to the upside, but the main, long-term trend remains bearish. This corrective cycle might had been terminated at the level of 1.1033 which is 50% Fibonacci retracement level. The EUR had made a new multi-decade low at the level of 0.9538, so as long as the USD is being bought all across the board, the down trend will continue towards the new lows.
*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。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
