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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Average wages in the UK lagged, increasing by just 6.1% over the last three months of the previous year, the lowest growth since October 2022 and below the 6.2% increase in the preceding period. Forecasts said it will remain at 6.2%. Meanwhile, the unemployment rate rose from 3.8% to 3.9%, surpassing the forecast of 3.8%. The number of new jobs fell to 21,000.
These data, along with the expectation that US inflation will increase from 0.3% to 0.4% and stabilize at a yearly rate of 3.1%, may exert additional pressure on the pair.
Technical outlook and trading idea:
The price currently lies under the Bollinger Bands, below SMA 5 and SMA 14. The RSI also decreased, crossing the 50% level. Similarly, the stochastic indicator turned down again.
Most likely, breaking through the resistance level of 1.2790 will strengthen the downward trend, which will lead to a decline towards 1.2725.
*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.