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 has preserved its bullish momentum in the second half of the day on Thursday and touched its highest level in more than a week above 1.0580. Pressured by falling US Treasury bond yields, the US Dollar Index is down 1% on the day below 103.00, fueling the pair's rally.
EUR/USD is trading at the upper end of its weekly range, with limited bullish potential. The daily chart shows that it is meeting sellers around a firmly bearish 20 SMA for a third consecutive day, while the longer ones remain far above the latter. The Momentum indicator consolidates around its midline while the RSI heads modestly higher within negative levels, failing to confirm buying strength.
EUR/USD is mildly bullish according to the 4-hour chart. Technical indicators advance within positive levels, although they are currently below their weekly highs. At the same time, the pair advanced beyond a bearish 100 SMA after meeting buyers around a bullish 20 SMA. An upward continuation seems more likely once the pair overcomes 1.0575, the immediate resistance level.
Support levels: 1.0510 1.0470 1.0430
Resistance levels: 1.0575 1.0620 1.0660
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
