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!
The empty macroeconomic calendar created favorable conditions for euro against pound, which continues to recover from its recent losses. Meanwhile, the overbought condition of dollar remains, so it may weaken further, especially amid an increase in US jobless claims. Forecasts say the total will rise by 7,000, but if the data exceeds expectations, dollar may surge, considering the recent labor market data.
EUR/USD almost returned to the previously passed level of 1.0800, indicating the decreasing volume of short positions. To see growth, traders need to keep the price stable above 1.0800. Otherwise, the level may act as resistance for buyers.
GBP/USD also returned to the range of the previously passed horizontal channel (1.2600/1.2800). If it stays above the level of 1.2600 by the end of the week, the downward trend may be interrupted. In this case, movement within the specified range may resume.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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