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 pair moved down on Thursday, closing the daily candle at 1.1551. Today, the market may roll back up. News is expected at 11:10 UTC (euro) and 12:30 UTC (dollar).
Trend analysis (Fig. 1).
The market may move down from the level of 1.1551 (closing of yesterday's daily candle) to reach the lower fractal - 1.1529 (yellow dashed line). After testing this level, the price may move up with the target at 1.1584 - the retracement level of 14.6% (yellow dashed line).
Fig. 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly chart - up.
General conclusion:
Today, the price may move down from the level of 1.1551 (closing of yesterday's daily candle) to reach the lower fractal - 1.1529 (yellow dashed line). After testing this level, the price may move up with the target at 1.1584 - the retracement level of 14.6% (yellow dashed line). Much will depend on the news that comes out at 12:30 UTC.
Alternative scenario: from the level of 1.1551 (closing of yesterday's daily candle), the price may start moving down with the target at 1.1512 - the 161.8% target level (red dotted line). After testing this level, the price may move up to the lower fractal - 1.1529 (yellow dashed line).
*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.
