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!
The euro reached a low of 1.1664, which coincided with the bottom of the downtrend channel. According to the H4 chart, the instrument might recoup some of the losses in the coming hours.
On February 27, the euro left a gap around 1.1820, and the euro will likely continue to rise in the coming days until it covers this gap. EUR/USD could even reach the 5/8 Murray around 1.1840.
If the EUR/USD pair consolidates below the 4/8 Murray, it could come under downward pressure. So, EUR/USD might continue its downward cycle and fall towards the key 3/8 Murray support around 1.1625.
Given that the euro has reached oversold levels, it is expected to make a technical rebound above 1.16 in the coming days, with a target at 1.1840.
Our plan for the coming days is to wait for the euro to cover the gap and then resume its downward cycle.
Meanwhile, if the price consolidates above Murray's 4/8, it will be seen as a clear signal to buy. Below 1.1718, the odds are for a decline.
*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.
