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 has been trying to regain positive momentum for the second consecutive day, halting the recent pullback from the monthly high levels last seen in September.
From a technical perspective, the price has shown resilience around the 200-hour exponential moving average (EMA). The subsequent upward movement is supporting the bulls. However, oscillators on the hourly chart have moved into negative territory, indicating potential vulnerability for prices during the day.
On the daily chart, the oscillators remain in positive territory, suggesting that the overall path for spot prices remains upward. Still, before entering positions for further gains, a sustained breakout through the psychological level of 1.1000 is needed. After that, the EUR/USD pair could rise toward yesterday's high near 1.1050, and then to 1.1100, on the way to the monthly high.
On the other hand, the round level of 1.0900 is critical. A break below it would drag the pair toward support at 1.0845, followed by the 1.0800 round level, below which lies the March 27–28 low, which coincides with the 200-day simple moving average (SMA). A break below this level would signal the potential for deeper losses.
*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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