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 dropped in the short term as the Dollar Index bounced back in the last hours. After its strong growth, the currency pair retreated a little which was natural. Still, it could only test and retest the near-term support levels before jumping higher again. It's located at 1.0582 at the time of writing.
Fundamentally, the German Retail Sales and the Eurozone CPI Flash Estimate and Core CPI Flash Estimate came in worse than expected, weakening the Euro. On the other hand, the US reported mixed figures. The Revised UoM Consumer Sentiment and Goods Trade Balance came in better than expected, while Chicago PMI and Personal Spending came in worse than expected.
From the technical point of view, EUR/USD found resistance at 1.0609 and now it has escaped from the up channel pattern.
Registering only false breakouts above the former high, the price action signaled exhausted buyers. Now, it stands right above the 1.0573 former low. This represents a critical downside obstacle.
Dropping and closing below the 1.0569 former low is seen as a selling opportunity.
On the other hand, staying above 1.0573 and making a new higher high could be seen as a bullish signal.
*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。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
