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 has pushed through the potential resistance zone around 1.0750-60. The single currency pair has rallied after printing a low at 1.0680 last week. It is seen to be trading close to 1.0750 at this point in writing and might have completed its corrective rally close to 1.0760. If correct, another round of a sell-off is in the cards soon.
EUR/USD has been in a larger-degree corrective wave since printing a high around 1.1275 early in July. The instrument could be plotting its last leg lower projected towards the 1.0625-30 area before producing a pullback towards 1.1000. Please note that the overall price projection for the corrective wave to terminate is towards 1.0200.
Alternatively, if EUR/USD continues to move lower below 1.0600, it could drag the price lower towards 1.0200 directly from here. Either way, the currency pair has a further downside left and it could turn lower from here or from the 1.1000 resistance going forward. The high probability remains for a bullish pullback from 1.0600-30.
A potential drop towards 1.0600 to resume soon.
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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