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!
Trend analysis:
EUR/USD will probably move downwards in June, starting from the level of 1.0688 (closing of the May monthly candle) to the 38.2% retracement level at 1.0609 (red dashed line). Upon testing this price, the pair will bounce up to the 50% retracement level at 1.0941 (red dashed line).
Fig. 1 (monthly chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
The indicators show that a bullish scenario will unfold in EUR/USD.
Conclusion: The pair will have an upward trend, with a first lower shadow on the monthly white candle (the first week of the month is black) and no second upper shadow (the last week is white).
So, throughout the month, quotes will dip from 1.0688 (closing of the May monthly candle) to the 38.2% retracement level at 1.0609 (red dashed line), and then bounce up to the 50% retracement level at 1.0941 (red dashed line).
Alternatively, euro could decline from 1.0688 (closing of the May monthly candle) to the 38.2% retracement level at 1.0499 (yellow dashed line), and then turn around and climb upwards to the 50% retracement level at 1.0941 (red 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.
