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 movement during today's Asian session shows the trading priority of the EUR/USD pair. The sharp growth indicates the lack of strong resistance zones.
The opening of European trading above the Weekly Control Zone of 1/2 1.1620-1.1612 will make it possible to use any decline in this instrument to enter a long position. A strong impulse without volumes indicates the absence of large limit orders to sell the instrument. In turn, purchases will be profitable if the pair declines to yesterday's high.
The upward target is the Weekly Control Zone of 1.1717-1.1700. The task is to get the most favorable purchase prices and fix the profit on the target zone. Any downward movement with a 75% probability will be a correction, so it is necessary to focus only on the bullish impulse.
The alternative pattern cannot be developed from the current levels. It will take two days or more to form a reversal pattern.
*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.