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!
EUR/USD
Euro has risen more than 500 pips in just one week due to weaker dollar demand and slowdown in the Fed's rate hike, which markets were hoping for.
However, the Fed will undoubtedly raise the rate in mid-December, most likely by at least 0.5%.
Further, the outlook for the US economy is much stronger than that of the EU because even though a recession is inevitable in both regions as a result of higher lending rates, there is an extremely sharp jump in fuel prices in the EU. Gas prices within the US are also several times lower since gas transportation using LNG technology is both underdeveloped and quite expensive.
It is for this reason that there is no upside trend in euro right now, but it can happen in the spring if the EU goes through the winter better than forecasts.
Conclusion: you can start selling euro from current prices, gradually increasing the volumes every 80-100 pips. Set a margin of 200-250 pips of possible drawdown.
*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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