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!
The EUR/USD pair dropped a little in the short term and now is located at 1.0973 at the time of writing. Still, the retreat could be only a temporary one before trying to jump higher. As you can see on the H1 chart, the rate failed to reach and retest the uptrend line lately which confirmed strong upside pressure (buying pressure).
Jumping above the former high of 1.0963 announced an upside continuation. It has climbed as much as 1.1007. Technically, this represents an upside obstacle.
Staying above 1.0972 and jumping beyond 1.1007 former high activates further growth. This is seen as a new buying opportunity.
Dropping below 1.0972 may announce a potential drop towards the uptrend line.
*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.
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