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!
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EUR/USD is attempting to push above 1.0620 initial resistance to confirm further upside towards 1.0800. The single currency pair is seen to be trading close to 1.0565 at this point in writing and is projected to hit 1.0695 intraday. The bulls would be poised to break above 1.0620 to assert themselves and confirm more upside left.
EUR/USD might have carved an interim low around 1.0450 last week as prices rallied close to 1.0600 last Friday. The counter-trend rally is expected to gain further momentum and push through 1.0800 at least in the near term, which is close to the Fibonacci 0.382 retracement of the earlier drop between 1.1275 and 1.0450 levels respectively.
EUR/USD carved a lower-degree upswing between 1.0450 and 1.0560 levels last week, which has also been retraced already carving a higher low around 1.0480. If the above support holds well, we should witness higher levels towards 1.0620-30 in the immediate short term. Thereafter, a pullback can be expected.
A potential counter-trend rally is underway towards 1.0800 against 1.0450
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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