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!
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This week, any decline in the pair should be considered from the point of view of the opportunity to get favorable purchase prices. The Central Bank of Europe held the price of EUR/USD above the level of 1.1796, which indicates support for the growth of the European currency for the next 5 days.
It is important to determine the zone for profitable purchases which will become relevant after the closing of today's trading. If the opening of the European session occurs at the current levels, this zone will become the defining one for the upward momentum. It is worth remembering that the growth structure of the last six days indicates support for growth from major players. Monday's movement allowed us to form a pattern of absorption for the daily level, so we should expect an update of the weekly maximum no earlier than Thursday.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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