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!
EUR/USD
Yesterday, the euro almost reached the crucial support of the MACD line and the descending price channel line, but the U.S. report stopped the single currency. The U.S. first quarter GDP was revised down from 1.6% to 1.3% in the "second estimate". The US stock index S&P 500 lost 0.60%, while European indexes closed the day higher (Euro Stoxx 50 +0.42%).
Considering yesterday's rise through the prism of the European Central Bank's monetary policy, investors returned to last week's range in anticipation of the ECB meeting. The Marlin oscillator has not yet left the positive territory, so the euro may fluctuate before the ECB announces the expected rate cut. The support level will be 1.0796. The upper limit of growth is the boundary of the price channel at 1.0875.
On the four-hour chart, the Marlin oscillator has returned to positive territory, indicating that it has the potential to rise to the MACD line (1.0858). If the price consolidates above this indicator line, this will likely be a false signal. We believe that for now the price will not be able to overcome the upper boundary of the price channel at the level of 1.0875.
Today, the US Personal Consumption Expenditure (PCE) indices for April will be published. Forecasts for core PCE (2.8% y/y) and overall PCE (2.7% y/y) suggest that the figures will remain unchanged, which may support a sideways trend.
*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।
