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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EURUSD is making new lower lows today below 1.06. According to the Ichimoku cloud indicator trend remains bearish. Technically trend remains bearish as price is still making lower lows and lower highs. Price is well below the 4 hour Kumo (cloud) and below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance by the tenkan-sen is at 1.0625 and by the kijun-sen at 1.0645. The tenkan-sen is below the kijun-sen confirming that bears remain in full control of the trend. The Chikou span (black line indicator) is also below the candlestick pattern confirming bearish trend. There is no sign of a reversal. Key resistance and trend change level is at 1.0710. Bulls need to push price above this level in order for trend to change.
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