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 Dollar index continues making higher highs and higher lows. Price made a pull back last Friday, but there is no trend change. Price has surpassed the 50% Fibonacci retracement target and is now moving towards our next target. The reversal from the 89-90 level is so far repeating the past behavior from 2017.
Green lines - Fibonacci retracements
The Dollar index is above the 50% retracement. As long as price is above last week's lows, we remain confident of reaching the 61.8% retracement level over the coming days. Key support by the blue upward sloping trend line is found at 94.50. Previous resistance is now support. The RSI has not provided a bearish divergence and therefore there are increased chances of seeing price make new higher highs.
*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.
