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!
Since early September, the previous depicted downside movement was initiated with projected targets towards 1.0780 then 1.0500 where significant bullish recovery was expressed.
Shortly after, an upside breakout took place above the previous movement channel. Since then, another ascending channel has been expressed.
However, The EUR/USD pair is currently overbought while breaching the upper limit of the newly established movement channel. That's why, the market will tend to decline at least towards 1.0800 for retesting.
On the other hand, the current ascending movement towards 1.1000 should be considered for a valid SELL Entry provided that no break above this upper limit can be achieved on the H4 chart.
*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.
