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!
Red lines- bearish channel
Blue lines- Fibonacci retracement levels
Eurostoxx50 index has started the week on a negative note. In previous posts we warned traders that the bounce in the Eurostoxx50 index has reached very important channel resistance. Price was challenging the upper channel boundary and today we have rejection signs. Price got rejected at the channel resistance and is pulling back. Eurostoxx50 is currently trading around 4,160 and has the potential to make a pull back towards 4,100 for a higher low and gather momentum for the next upside move. Resistance remains key at 4,190 and as long as we trade below this level, the index will remain vulnerable to more downside.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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