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!
EUR/USD might have carved an interim low just around 1.0525 on Wednesday. The single currency pair is inching higher and is seen to be trading close to 1.0545 at this point in writing. If immediate potential support at 1.0480 holds well, the bulls would be poised to push prices above 1.0630 going forward.
EUR/USD has been carving lower-degree upswings since the 1.0450 low as seen on the 4H chart. A conventional inverse Head-and-Shoulder pattern also seems to be carving with the potential right shoulder in place at 1.0480. If the above structure holds, the next wave could push prices higher towards the 1.0770-1.0800 range in the near term.
EUR/USD has dropped from 1.0580 in a corrective wave in the past two trading sessions. Hence, a probability remains for another push higher towards 1.0630 and 1.0800 levels. Only a consistent break below 1.0480 and subsequently below 1.0450 will bring back the bears in control and drag towards 1.0200.
A potential rally to resume towards 1.0800 against 1.0450.
Good luck!
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
