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!
EURUSD scale H4
We see uncertainty about the movement of the euro. It is possible to break up from the range and trend up.
But it is also possible to fall below 1.1230 and move down.
Is it possible to say something about the potential?
At the moment, the situation is determined by the prospects of the dollar:
USDX - dollar index, daily chart.
Here we see a clear upward trend. Yes, there is a stop - and even under certain conditions (the foundation), a deep correction is possible.
Thus, we should look at the movement of the dollar index - if we receive a signal for the euro to exit the range. The logic is this: if we see the beginning of a correction for the dollar (the dollar index is falling strongly and going down out of the range), there is a prospect of a trend for the euro upward.
If the euro gives a signal to go up - but the dollar index remains in the range or even grows - most likely, the upward movement in the euro is either false - or does not have much potential.
If the euro goes down out of the range - and the dollar goes up out of the range - this is a strong trend signal - for the euro to go down.
*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.
