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 climbed above the 1.0677 high on Monday, falling in line with the forecast. The single currency pair has broken past the 1.0630 obstacle and the same would provide support going forward. Intraday dips can be seen towards the 1.0620-30 zone before the rally could resume higher again. Near-term targets are seen through 1.0700-10 and 1.0770-80 levels as projected.
EUR/USD has also broken past its four-month resistance trend line, which encourages the bulls. The currency pair is now poised to retrace its earlier downswing between 1.1275 and 1.0450 levels before reversing lower again. Potential remains for a push through the 1.0900-20 zone, which is also the Fibonacci 0.618 resistance of the above downswing.
EUR/USD has just carved an intraday high around 1.0684-85. The rally is accompanied by a bearish divergence on the 4H and hourly RSI. Even though the trend remains bullish in the near term, an intraday drop towards 1.0630 cannot be ruled out. It should be seen as an opportunity to open more long positions.
A potential rally is expected to push the price to the 1.0770-1.0800 zone.
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.
