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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The EUR/USD pair has recently returned to levels around 0.9600, which were last reached in 2002, leading to a significant bullish recovery, especially around this critical support level.
Although the nearest resistance level at 1.0100 did not apply enough bearish pressure, there was strong bullish price action around the lower edge of the depicted movement channel. This resulted in the achievement of successive bullish targets at 1.0250, 1.0500, and 1.0600.
In addition, the price action around the key level of 1.0550-1.0600 was also bullish, resulting in further bullish continuation towards 1.0800.
Furthermore, there is a chance of further bullish advancement towards the nearest resistance zone around 1.1150-1.1200. On the other hand, any bearish correction towards the price levels of 1.0000 should be considered as a valid long-term buying opportunity.
*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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