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, four-hour (H4) timeframe.
Although euro updated the weekly low yesterday, there was no strong movement downwards, so there was no hint of a reversal. Nevertheless, the lows are being tested again; however, unlike the previous days, buying at these levels, albeit profitable, is now risky.
The best thing to do is to place a buy order, aiming to break up the buy stop at 1.0630. Then, set stop-loss at 1.0560.
In case of a decline, revise the entry point to downwards.
In case of a reversal, pull the stop-loss order under the daily low.
One of the reasons for a price decline is inflation in Germany, which has shown a repeat of the winter highs at 9.4%. Unlike in the US, inflation in the region has not fallen so far.
*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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