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 US dollar index turned lower from a 103.50 high on Monday and printed a 102.78 low early on Tuesday. The index is seen to be trading close to 102.80 at this point in writing as the bulls might be preparing to come back in control. The potential near-term target is seen towards 104.00 and 104.75 as marked on the 4H chart here (Red).
The US dollar index has either completed its first wave between 100.50 and 103.60 or could be near terminating after a push higher one last time through 104.00-75. Near-term resistance is seen at 105.35 as displayed on the chart here and could be taken out as the bulls prepare to push through the lower-degree rally from current levels around 102.80.
The trading instrument is unfolding a larger-degree corrective rally towards 106.50 and up to 109.50 as discussed earlier. The first wave is underway from 100.50 and could terminate close to 105.35. We can expect the second wave to dip lower again before the final rally towards 109.50 could resume.
Potential rally against 100.00
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.
