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 is trading around 1.0767 within the bullish trend channel forming on the 1-hour chart. The instrument is retreating having reached the high at 1.0811 in light of the US economic data.
The euro is retreating, so we could expect a further bearish movement. Technically, we observe that the euro is overbought and there is bearish pressure below 1.08.
Given that the eagle indicator is giving overbought signals, our trading plan for the next few hours will be to sell below 5/8 of Murray located at 1.0803 with targets at 1.0739 and 1.0705.
If there is a pullback towards 1.0803, it will be seen as an opportunity to sell again, but if the euro breaks and consolidates above 1.0810, the outlook could be positive and we could expect EUR/USD to reach 1.0864 and 7/8 Murray at 1.0925.
Our trading plan for the next few hours will be to sell below 5/8 Murray, with targets at the bottom of the uptrend channel or at 3/8 Murray located at 1.0681.
*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.
