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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EUR/USD has launched the next part of the impulsive rally and should soon test minor resistance at 1.1060 before continuing higher towards the former peak at 1.1276. In the longer term, we continue to look for a rally higher towards 1.2930.
In the short term, we see support at 1.0872 and then at 1.0825. The latter should be able to act as a floor as EUR/USD continues higher towards 1.1276 and above.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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