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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Last week's decline of the EUR/USD pair was a strong impulse that exceeded the limits of the average move. This suggests that there is an 80% probability of continuing the downward impulse.
The current growth of this instrument should be used to find favorable prices to sell the instrument. An important pullback level is the 1.1494 mark. The probability to rise to this mark is 90%. This indicates that the search for a sell pattern should begin only after returning to this level. The determining resistance is the Weekly Control Zone of 1/2 1.1529-1.1521.
All of the above makes the area of 1.1494-1.1529 a supply zone. The upward movement of the EUR/USD pair to these levels will give us an opportunity to sell the instrument at favorable prices.
It is not profitable to make corrective purchases since the probability of updating the monthly low is above 80%. Any resistance level can be decisive. A bearish impulse is a strong movement that will take 3 to 5 days to break.
*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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