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!
Trend analysis
EUR/USD may continue to move upward this week, starting from the level of 1.0550 (today's opening of the weekly candle) to the historical support level of 1.0653 (blue dashed line). After reaching this price, the pair will climb further towards the 23.6% retracement level of 1.0673 (red dashed line).
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - upward
Fibonacci levels - upward
Volumes - upward
Candlestick analysis - upward
Trend analysis - upward
Bollinger bands - downward
Monthly chart - upward
Conclusion: The indicators point to an upward movement in EUR/USD.
Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and no second upper shadow (Friday - upward).
So during the week, euro will rise from 1.0550 (today's opening of the weekly candle) to the historical support level of 1.0653 (blue dashed line), and then go further to the 23.6% retracement level of 1.0673 (red dashed line).
Alternatively, the pair could move from 1.0550 (today's opening of the weekly candle) to the historical support level of 1.0653 (blue dashed line), followed by a decline to the support line at 1.0641 (thick red line).
*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。
