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!
EURUSD has resumed its sideways action between 1.0650 and 1.0750 as expected. The single currency pair is seen to be trading close to 1.0725 at this point in writing and could drop to 1.0695 before resuming higher towards 1.0750-60 levels. The above triangle consolidation is expected to continue for a while before prices break lower through 1.0500.
EURUSD has been unfolding a larger-degree Wave C towards 1.0500 to complete the complex corrective phase, which started from the 1.1035 highs earlier. Also, note that 1.0500 is the Fibonacci 0.382 retracement of its previous larger-degree upswing between 0.9535 and 1.1035 levels respectively. The high probability remains for a bullish turn if prices slip to 1.0500.
EURUSD is into its last leg after printing intraday highs at 1.0779 over the last week. Resistance is strong around the 1.0820-30 zone. If the instrument manages to rally, the bears will be prepared to drag prices lower again. On the flip side, a break below 1.0640 will accelerate a drop towards 1.0500 in the near term.
A potential drop to 1.0500 against 1.0850
Good luck!
*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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