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Legenda! Pensi che sia troppo patetico? Ma come dobbiamo chiamare un uomo, che è diventato il primo dell'Asia a vincere il campionato mondiale di scacchi a 18 anni e che è diventato il primo Gran Maestro indiano a 19? Fu l'inizio di un duro cammino verso il titolo di campione del mondo, l'uomo che divenne per sempre una parte della storia di scacchi. Un'altra leggenda nel team InstaSpot!
Il Borussia è una delle squadre di calcio più titolate in Germania, che ha ripetutamente dimostrato ai tifosi che lo spirito di competizione e leadership porta al successo. Fai trading nello stesso modo in cui lo fanno i professionisti dello sport - fiduciosamente e attivamente. Segui il Borussia FC e sii avanti con InstaSpot!
Eurozone retail sales figures slumped, which suggests that there is a high risk of the European economy sliding into a recession. However, there are some questions regarding a price rebound that started immediately after the US trading session opened. The reason is that although the pace of decline accelerated from -0.4% to -0.8%, the forecasts were for figures to accelerate from -1.1% to -1.3%. In other words, the latest data turned out much better than the forecasts. Moreover, the previous data was revised upwards. Although the corrective movement could have been somewhat more significant, it's also important to remember that the latest report suggests a deterioration in the eurozone's economic situation. That had some restraining influence. Nevertheless, the dollar is still overbought, and it seems that the pair will continue to rebound, albeit gradually. Especially since the economic calendar is quiet until the end of the week. That is unless we receive unexpected news that are capable of influencing the situation. The market will gradually correct the imbalances that have formed.
EUR/USD has corrected higher, reducing the volume of short positions near the local low set in December 2023. As a result, there was a pullback, which means that the euro has partially pared losses relative to the recent decline.
On the four-hour chart, the RSI indicator is moving in the lower area of 30/50, indicating the prevailing bearish sentiment.
On the same time frame, the Alligator's MAs are headed downwards, corresponding to the current cycle.
If the ongoing retracement lingers in the market, the pair may return to the level of 1.0800, which it previously reached. The bearish scenario will come into play if the price settles below the level of 1.0700. In this case, we may see a subsequent increase in the volume of short positions, intensifying the process of weakening the euro's exchange rate.
In terms of complex indicator analysis, the price is retracing up in the short term. Indicators still show a bearish bias intraday.
*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.
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