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!
The EUR/USD pair continues to move sideways in the short term as the Dollar Index is ranging as well. It's located at 1.0883 at the time of writing and it seems determined to extend its growth. The bias is bullish in the short term, so further growth is favored.
Fundamentally, the Eurozone Current Account came in better than expected while Final CPI and Final Core CPI matched expectations. On the other hand, the US Building Permits and Housing Starts came in better than expected but the USD remains bearish after the US reported poor economic data in the last trading session.
As you can see on the H1 chart, the currency pair is trapped between the 1.0887 and 1.0831 levels. Escaping from this pattern could bring us new trading opportunities.
After the last rally, a retreat was natural, but the last false breakdown with great separation below 1.0831 announced strong upside pressure. The bias remains bullish as long as it stays above the ascending pitchfork's lower median line (lml).
A new higher high, a bullish closure above today's high of 1.0892 activates further growth and is 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。
