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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Blue lines- Fibonacci retracement levels
EURUSD is trading around 1.0865. Price is trading around the 50% Fibonacci retracement after yesterday's bullish candlestick. The advance seems to have paused at this important short-term resistance. Technically trend remains bullish as price continues making higher highs and higher lows. The RSI has still not reached overbought levels and there is no sign of a bearish divergence. EURUSD has the potential to climb higher towards the 61.8% Fibonacci retracement level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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