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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The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200.
The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum.
Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line.
The price reversed from this level and started to drop towards 1.0800, which acted as a temporary daily support before further downside movement.
The EUR/USD pair broke below the uptrend line and confirmed the bearish trend.
Since then, the EUR/USD pair has been falling for a week before it could reach its next target around 1.0450, where several support levels existed.
On the other hand, any bullish correction towards 1.1050 could be a good opportunity to sell (backside of the broken uptrend line).
*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.
