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 consolidation in red wave iv/ is likely complete or very close to being complete and red wave v/ higher to 127.30 should be expected short-term. A break above minor resistance at 126.48 will confirm the rally in red wave v/ to 127.30 as the first minor upside target. If a break above 127.30 is seen the next target in play will be 127.75 and finally 128.21 to complete red wave v/ and red wave iii.
Support is seen at 125.92.
R3: 127.75
R2: 127.30
R1: 126.66
Pivot: 126.48
S1: 125.92
S2: 125.61
S3: 125.34
Trading recommendation:
We are long EUR from 123.43 with our stop placed at 125.50
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
