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 EUR/USD pair dropped a little after registering strong upwards movement. A temporary decline was somehow expected. As long as it stays above the 1.1388 and 1.1366 former highs, EUR/USD could still resume its upwards movement towarda 1.1500 psychological level.
In the short term, it could only test and retest the broken obstacles, the resistance levels turned into support. You already knew from my analyses that, the currency pair could develop an upside reversal if it escapes from the range pattern between 1.1238 and 1.1366 levels.
After the most recent growth, a minor retreat was natural. In my opinion, only dropping and stabilizing below 1.1366 could invalidate an upside continuation. The current decline could be over if the rate stays above the immediate downside obstacles (1.1388, 1.1366).
*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.
