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!
EUR/USD is trading around 1.1426, rebounding after hitting the lower band of the uptrend channel that has been forming since June 24.
On the H4 chart, we can see that the euro is within an uptrend channel, so EUR/USD could continue its rise in the coming days until it reaches the 200-period moving average around 1.1488; it could even reach the upper band of the uptrend channel around the psychological level of 1.15.
Given that the euro is within an uptrend channel, the outlook for the EUR/USD will trade higher in the coming days, and we believe it could reach the 200-day moving average around 1.1488.
A decisive break below 1.14 could change the outlook for the euro, and we could expect it to retreat toward the 5/8 Murray level around 1.1352 and ultimately reach the June 24 low around 1.1335.
Given that the Eagle indicator is showing a positive signal, we could continue buying euros in the coming hours with targets at 1.1521, near the upper band of the uptrend channel.
*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.
