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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EURUSD is trading around 1.0897. Price is still above the Ichimoku cloud meaning that daily trend remains bullish. Price remains below the tenkan-sen (Red line indicator) at 1.0906 which provides the key short-term resistance. Price made a low today around 1.0867 just above the upper cloud boundary. As long as price trades above the Kumo, bulls will remain in control of the trend. The Chikou span (black line indicator) remains above the candlestick pattern (bullish). Bulls do not want to see price break below the Daily Kumo at 1.0823.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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