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 is trading around 1.1558, pulling back after reaching 1.1623, and is likely to find support around the 21-day SMA at 1.1523 before resuming its uptrend.
After hitting a low of 1.1410 on March 12, the euro staged a strong technical rebound, reaching a high of 1.1620. Therefore, a technical correction is likely in the coming days, and EUR/USD could reach the 2/8 Murray level around 1.1474, which also coincides with the lower band of the uptrend channel.
If the euro rebounds around the 61.8% Fibonacci retracement level, we could look for buying opportunities with targets at the 200 EMA around 1.1655 and finally, at the 161.8% Fibonacci level around 1.1672.
In the short term, the euro is expected to return to the 1.1840 level. Around this area, a gap was left on February 27 that still needs to be filled.
Our outlook for the euro remains bullish, so we will look for opportunities to buy on any pullback with targets at 1.1718 and 1.1840.
*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.
