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!
Trade Analysis and Tips for the Euro
The test of the 1.0863 level occurred when the MACD indicator had already moved significantly above the zero mark, limiting the pair's upward potential. For this reason, I did not buy euros, even though there was a possibility of a continued upward trend, which, as you can see on the chart, didn't materialize. Important U.S. statistics are set to be released later in the day, providing a clearer view of inflation trends in the country. The focus will be on the core Personal Consumption Expenditures (PCE) index, along with changes in consumer spending and income in the U.S. A decline in the inflation indicator will likely weaken the U.S. dollar. As for the intraday strategy, I'll primarily rely on Scenarios 1 and 2.
Buy Signal
Sell Signal
On the Chart:
Important: Beginner Forex traders should make entry decisions cautiously. It's best to stay out of the market before key fundamental reports are released to avoid sudden rate fluctuations. If you decide to trade during news releases, always set stop-loss orders to minimize losses. Without stop-losses, you risk losing your entire deposit quickly. This is especially true if you are not using money management and are trading with large volumes.
And remember, for successful trading, you need a clear trading plan, like the one outlined above. Making spontaneous trade decisions based on the current market situation is often counterproductive for an intraday trader.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.