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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After ascending towards the 1.1500 price zone, the EUR/USD pair faced substantial selling pressure, causing it to fall to levels of 1.0850, 1.0400, 1.0000, and most recently, 0.9600.
The market was under buying pressure until it reached a plateau around 1.0800-1.0850, after which notable selling pressure led to a recent price decline.
The price level of 1.0930 acted as a significant resistance level, offering selling opportunities until the recent temporary upside movement extended up to 1.1000.
As a result, the current price level of 1.1000 should be closely observed for price action and any potential selling pressure.
Conversely, any downward movement towards 1.0600 should be monitored for buying pressure, as it could lead to another upward movement.
*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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