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 rallied through the 1.0625-35 zone on Monday in line with our forecast. The single currency pair has pulled back a bit and is seen to be trading around 1.0595 at this point in writing. The pullback might be complete and the bulls could push prices through 1.0650 going forward. Only a break below the 1.0530 interim support could delay matters.
EUR/USD is probably unfolding within a larger-degree counter-trend rally after printing lows around 1.0450 earlier. Furthermore, the bulls carved a higher low around the 1.0520-25 zone last week and bounced back sharply towards the 1.0625-35 range. A high probability remains for the rally to continue through 1.0750 and higher levels in the near term.
EUR/USD is currently working upon a recent lower-degree upswing which is seen between 1.0520 and 1.0620 levels. Prices have managed to pull back through 1.0590 and could drag further towards the 1.0570-80 range intraday. The bulls might be inclined to come back in control then and turn prices higher again.
The potential rally has resumed higher towards 1.0750 and 1.0900
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.
