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!
EUR/USD completed its corrective wave 4 sooner than expected and only managed to reach a low of 1.0524 before turning around and moving higher through the double bottom neckline resistance at 1.0710. The first upside target to look for is seen at 1.0804 and then 1.1033 on the way toward the 1.1248 target and possibly even closer to 1.1424 to complete wave 5 of the rally from 0.9535.
In the short term, we see the former resistance at 1.0710 act as support now. If broken, a move closer to 1.0662 should be expected before the next push higher toward 1.0804 and above.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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