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!
Early in the American session, the EUR/USD pair is trading around 1.0868, below the 21 SMA, and below the 200 EMA under strong selling pressure but reaching oversold levels.
In the H1 chart, we can see that the euro is approaching the 5/8 Murray support around 1.0864. This level could be seen as an opportunity for a strong technical rebound and the euro could return to 1.0908 and even towards the top of the downtrend channel around 1.0930.
In case the downward pressure persits, the euro could encounter rejection at the bottom of the downtrend channel around 1.08. This level could also offer an opportunity for a technical rebound and could be seen as a signal to buy.
According to the eagle indicator, the euro is trading in an extremely oversold zone since November 29th. So, EUR/USD is expected to have a technical rebound in the coming days and it could reach the 200 EMA at 1.0910.
The market sentiment report shows that there are 46.61% who are selling the euro and 53.39% who are buying. This means that the euro could continue to fall in the coming days, but due to oversold conditions, a technical rebound is expected to occur. Then, selling will resume.
*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。
