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!
Blue lines- Fibonacci retracement levels
Black line- support trend line
Red line- resistance trend line (broken)
EURUSD is trading around 1.0740. The week has started on a positive note, exactly as it has ended. Price made a new higher high today getting even closer to the first important Fibonacci retracement resistance at 1.0766. This is where we find the 38% Fibonacci retracement level. The RSI has not reached overbought levels yet. Price has upside potential at least towards 1.0766 where we find the 38% Fibonacci retracement. Momentum remains bullish in the near term. A break above 1.0766 will open the way for a move higher towards the next Fibonacci retracement level at 1.0860. Short-term support is found at 1.0647 where the red trend line is found. Previous resistance is now support.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
