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 EUR/USD pair reached the psychological level of 1.1529. From that point, it is undergoing a technical rebound and is now consolidating around the 3/8 Murray. It means that we could expect a recovery in the coming days.
If the EUR/USD pair consolidates above 1.1596 in the coming hours, where the 3/8 Murray is located, it could be seen as an opportunity to open long positions with a target at the 4/8 Murray. Besides, the euro is expected to fill the gap it left at around 1.1827.
If the euro returns to weekly support levels around 1.1529, it could even reach the psychological level of 1.1500, which could be seen as an area to open long positions.
The Eagle indicator is reaching oversold levels, so the euro is expected to continue rebounding in the coming days. Therefore, any pullback in the euro while trading above 1.1500 will be seen as a signal to continue buying.
A consolidation above the 4/8 Murray could favor a stable recovery of the euro, and we could expect EUR/USD to reach the 5/8 Murray at 1.1840. With this move, the euro could also cover the gap left at the beginning of the week.
*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.
