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 1.1739, rebounding from the opening of this week's session after filling a gap and reaching resistance levels around 1.1750.
If the euro breaks out of the downtrend channel and consolidates above 1.1750 in the coming hours, this could be considered a bullish signal, and we could look for opportunities to buy on the pullback with a target at the 5/8 Murray level around 1.1840.
Given that EUR/USD is within a downtrend channel formed since April 16, it could resume its downtrend in the coming hours and reach the 4/8 Murray level around 1.1718. It could even reach the lower band of the downtrend channel around 1.1620 and ultimately reach the key support at the 3/8 Murray level.
The Eagle indicator has reached oversold levels, so we should exercise caution. If the euro consolidates above the 4/8 Murray level, a bullish sequence could be developing, and we could look for buying opportunities if the instrument consolidates above this zone.
A decisive break above the downtrend channel and a consolidation of EUR/USD above that channel could be a positive signal, so we could continue buying in the coming days.
*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.
