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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Red lines- expected path
Green lines- Fibonacci extension targets
EURUSD is trading at new short-term highs around 1.1170. Short-term trend remains bullish as price continues making higher highs and higher lows. The bearish RSI divergence we mentioned yesterday was cancelled as the RSI formed a new higher high. EURUSD is approaching the 100% extension target of the first upward move. This target is at 1.1215. Key short-term support is found at recent low of 1.0834. Bulls do not want to see price break below this level. So far there is no sign of a reversal or trend change.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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