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!
Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0843 (closing of yesterday's daily candle) to 1.0822, the 8-period EMA (blue thin line). In the case of testing this level, an upward movement is possible with a target of 1.0864, the 38.2% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move downward from the level of 1.0843 (closing of yesterday's daily candle) to 1.0822, the 8-period EMA (blue thin line). In the case of testing this level, an upward movement is possible with a target of 1.0864, the 38.2% pullback level (red dotted line).
Alternatively, from the level of 1.0843 (closing of yesterday's daily candle), the price may move downwards to 1.0815, the 21-period EMA (black thin line). In the case of testing this level, an upward movement is possible with a target of 1.0864, the 38.2% pullback level (red dotted line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
