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 key economic report yesterday—U.S. Q4 GDP—came in at 2.4% versus 2.3% expected. However, three major agencies—Moody's, Fitch Ratings, and S&P Global—warned of a potential downturn due to restrictive tariffs, and the Congressional Budget Office lowered its growth forecast for the current year to 1.9% while also predicting inflation stabilization. As a result, the euro rose by 60 pips, reclaiming the technical level of 1.0762. This confirms that the dip below support on March 26 was false and indicates a more serious reversal than what we saw 2–3 days ago.
There is one caveat—the Marlin oscillator's signal line on the daily timeframe has not yet returned to positive territory after exiting it on Wednesday. Marlin will reenter the growth zone once the price surpasses yesterday's high at 1.0822. That would be a signal for a move toward the 1.0955 target. A breakout above this resistance would open the path toward 1.1027.
However, if the price drops below yesterday's low of 1.0733, it may not stop at the first support at 1.0667, as the market is teetering between two fundamental narratives: the brewing crisis and capital flight into safety with potential Treasury QE support and the re-emergence of risk appetite over the next quarter.
On the H4 chart, the Marlin oscillator's signal line sharply reversed from the lower boundary of its range and is now in bullish territory. The balance indicator line halted yesterday's price surge. A move above yesterday's high could also push the price above this balance line. The primary scenario remains bullish.
*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.
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