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!
EURUSD rallied through 1.1375 levels early Wednesday before pulling back. The single currency is seen to be trading close to 1.1360 levels at this point in writing and could further decline through 1.1330-40 zone before finding support. Potential also remains for a drop below 1.1270 mark before the rally could resume through 1.1400 levels.
EURUSD is trading close to its upper range of consolidation for now and a push above 1.1400 from here could trigger a bullish breakout. In that case bulls will remain poised to push through 1.1500 and 1.1700 mark in the near future. On the flip side, a drop below 1.1330 will open the door to test support around 1.1250-70 zone before resuming rally.
Either way, EURUSD remains good to be bought on dips as bias continues to remain bullish. Only a break below 1.1186 will bring back bears into play as they would be poised to drag further through 1.1160. Watch out for a corrective drop from here before the final breakout rally above 1.1400 mark.
Potential rally through 1.1500 and 1.1700 against 1.1150.
Good luck!
*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.
