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 1.1719, retreating after reaching a high of around 1.1768. The euro has reached overbought levels and is showing signs of exhaustion, so a technical correction is likely in the coming days.
After a strong break above the downtrend channel formed since December 2025, the euro managed to consolidate above the 200 EMA. As a result, EUR/USD notched a monthly high around 1.1770.
If the euro resumes its upward cycle in the coming hours, we could expect it to continue rising, but only if it consolidates above the 8/8 Murray located at 1.1718.
The Eagle indicator is showing a negative signal. So, a strong technical correction will likely occur in the coming hours, and EUR/USD could reach 1.1676 around the 21 SMA located at 1.1634.
The euro could fall in the coming days towards 5/8 Murray located at 1.1535, as this technical rebound could be the start of a new bearish cycle.
Our trading plan for the coming hours is to sell below 1.1743 with targets at 1.1676 and 1.1653.
*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.
