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!
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EUR/USD is paring back gains in the European session, having failed to find acceptance above 1.2200 in the last hour.
The major comes under fresh selling pressure, as the US dollar stages a bounce across the board amid a caution tone seen in the European stocks. DXY recaptures 90.00, reversing a dip to 89.89.
The main currency pair quickly fell to daily lows of 1.2172 before recovering to 1.2192, where it now wavers. Holiday-thinned market conditions could likely be the reasons behind the whipsaw.
The spot will continue to remain at the mercy of the US dollar price action and broader market sentiment ahead of the FOMC member's speech. From a near-term technical perspective, the price turned south after facing rejection at 1.2200. The Relative Strength Index (RSI) takes a U-turn, now heading towards the midline, currently at 52.10, suggesting weakening upside bias.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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