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 1.1534, rebounding after reaching the 1.1499 area. The euro could recover some of last week's losses if it consolidates above the psychological level of 1.1500 in the coming days.
Given the euro's upward potential, we could open long positions at current price levels. Alternatively, if there is a technical correction to the 61.8% Fibonacci retracement level around 1.1520, we could then target the 21-period SMA around 1.1575 and ultimately expect it to reach 1.1645.
The Eagle indicator is showing a positive signal, so we believe the euro will continue its recovery in the coming days and could reach the upper band of the descending trend channel around 1.1675 in the short term.
Conversely, if bearish forces prevail, the euro has strong support around the 6/8 Murray level at 1.1474. This level is key and could be a turning point for a sustained recovery in the short term.
Our trading plan for the next few hours is to buy the euro if a technical correction occurs and while the price remains above 1.1500, with targets at 1.1575 and 1.1645.
*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.
