Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The EUR/USD pair rallied in the short term trying to recover yesterday's losses. The price turned to the upside as the Dollar Index plunged. The currency pair is trading at 1.0607 at the time of writing. Technically, the rate rebounded but the fundamentals should drive it later.
As you already know, the ECB is expected to increase the Main Refinancing Rate from 3.00% to 3.50%. The ECB Press Conference and the Monetary Policy Statement could bring high volatility and sharp movements. In addition, the US Unemployment Claims could be reported at 205K in the last week versus 211K in the previous reporting period.
Technically, the EUR/USD pair found support on the 1.0535 historical level. It has registered only a false breakdown below this level and through the weekly S1 (1.0540) signaling that the downside movement ended.
Now, it has stabilized above the 50% Fibonacci line of the ascending pitchfork. It has found resistance at the weekly pivot point of 1.0620 and it could come back to test and retest the 50% line and the 1.0592 static support.
Staying above the 50% Fibonacci line and beyond 1.0592 and making a new bullish closure above the weekly pivot point of 1.0620 activates a potential further growth at least towards the median line (ml). This scenario is seen as a bullish signal.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
