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 US dollar index is headed for a test of the support-line near 87.02, this should complete wave v of the decline from 102.99. The big question is of course whether this completes a large A-B-C correction that has been unfolding since January 2017 or this final leg lower to 87.02 only is wave 1/ of a much more impulsive decline? Both options remain valid at this point. We will go more in-depth with these two options in a later post as our focus, for now, should be on the expected decline to 87.02 followed by a rally to 93.11. Only when this rally is complete we need to make up our minds, which of the two options is preferred as the outcomes are very different.
Trading recommendation:
Look for a decline to 87.01 taht should complete the decline from 102.99 and set the stage for a rally to at least 93.11.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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