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 could continue its climb, so we could look for opportunities to buy above the 21-day moving average while waiting for it to reach the 7/8 Murray level around 1.1596.
Conversely, if the euro falls below 1.1520 and decisively breaks out of the uptrend channel, we could expect the technical correction to continue, potentially reaching the 6/8 Murray level around 1.1474, where EUR/USD might find strong support in that area or slightly lower around 1.1460, near the 200 EMA.
As we've mentioned on previous occasions, the euro faces strong resistance around the 200 EMA at near 1.1570 on the daily chart. If the euro reaches this zone in the coming days, we should wait to see if the price consolidates above it; if it faces rejection, this could be considered a selling opportunity.
The Eagle indicator has reached overbought levels, and a technical correction is likely to occur in the coming days. In light of these developments, we should monitor the 1.1596 area—around the 7/8 Murray level—or 1.1570 for selling opportunities.
*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.
