¡La leyenda en el equipo de InstaSpot!
¡Leyenda! ¿Cree que es una retórica grandilocuente? Pero, ¿cómo deberíamos llamar a un hombre, que se convirtió en el primer asiático en ganar el campeonato mundial de ajedrez júnior a los 18 años y en el primer Gran Maestro indio a los 19 años? Ese fue el comienzo de un camino difícil hacia el título de Campeón del Mundo para Viswanathan Anand, el hombre que se convirtió en parte de la historia del ajedrez para siempre. ¡Ahora una leyenda más en el equipo de InstaSpot!
Borussia es uno de los clubes de fútbol con más títulos en Alemania, que ha demostrado repetidamente a los fanáticos: el espíritu de competencia y liderazgo que ciertamente conducirán al éxito. Opere de la misma manera que los profesionales del deporte: con confianza y de forma activa. ¡Mantenga un "pase" del Borussia FC y lidere con InstaSpot!
The price test at 1.0415 occurred when the MACD indicator had already significantly declined from the zero mark, which limited the pair's downward potential by the end of the day. For this reason, I chose not to sell the euro.
The FOMC minutes released yesterday confirmed the views already held by the Federal Reserve. Committee members believe there is no need to rush into rate cuts. Before making any decisions in this regard, the Fed wants to see real progress in controlling inflation. They also noted that rates will remain high if the economy shows signs of overheating again. This position is not new to the market or traders, so it did not result in a significant shift in positioning. However, it does put pressure on risk assets and supports the dollar.
Moving forward, attention will focus on inflation data, employment levels, and retail sales figures in the U.S. Sustained wage growth and strong consumer spending could indicate ongoing inflationary pressure, which may prompt the Fed to approach rate cuts with more caution.
No major data are scheduled this morning, so the focus should be on the German Producer Price Index (PPI) and the Eurozone Consumer Confidence Index. These indicators act as inflation signals and economic health metrics for the region. Stronger-than-expected PPI data in Germany could push the European Central Bank to adopt a more cautious approach to rate cuts, thereby strengthening the euro. Conversely, weak data could put pressure on the single currency.
The Consumer Confidence Index reflects household optimism about the economy's future. Higher confidence levels often signal increased consumer spending, stimulating economic growth and potentially supporting the euro.
As for the intraday strategy, I will mainly rely on implementing Scenarios #1 and #2 today.
Scenario #1: Today, I plan to buy the euro when the price reaches 1.0440 (green line on the chart) with a target of 1.0473. At 1.0473, I plan to exit the trade and sell the euro in the opposite direction, expecting a 30-35 pip retracement from the entry point. A bullish move in the first half of the day is only likely if we see strong economic data from Germany. Important! Before entering a buy trade, ensure that the MACD indicator is above the zero mark and starting to rise.
Scenario #2: I will buy the euro today if the price tests 1.0420 twice while the MACD indicator is in the oversold zone. This will limit the pair's downside potential and likely trigger a reversal to the upside. The expected upside targets are 1.0440 and 1.0473.
Scenario #1: I plan to sell the euro after reaching 1.0420 (red line on the chart), aiming for 1.0386, where I will exit the trade and immediately buy in the opposite direction, expecting a 20-25 pip retracement. Selling pressure will increase if economic data disappoints. Important! Before entering a sell trade, ensure that the MACD indicator is below the zero mark and starting to decline.
Scenario #2: I will also sell the euro today if the price tests 1.0440 twice while the MACD indicator is in the overbought zone. This will limit the pair's upside potential and likely trigger a reversal downward. The expected downside targets are 1.0420 and 1.0386.
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
