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 hit the 1.0620 initial resistance on Tuesday as projected. The single currency pair should ideally produce a pullback lower towards the 1.0480-90 zone at least, before resuming its rally. It is seen to be trading close to 1.0605 at this point in writing and is expected to turn lower soon towards 1.0580 in the immediate near term.
EUR/USD is working on a larger-degree counter-trend rally projected towards 1.0800 and 1.0970 going forward. As the bulls have managed to take out the 1.0620 resistance, prices are expected to pull back lower a bit before resuming higher again. The bears are expected to remain in control for the next 2-3 days, dragging prices lower through 1.0480.
Alternatively, if prices continue to drop below 1.0480, we can expect yet another low towards 1.0200 in the days to come. We shall re-evaluate the structure again around 1.0480 before committing further. Traders might want to take short-term profits around the 1.0610-20 zone and wait for a pull back.
A potential drop to 1.0480 against 1.0650 to be underway 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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