For Traders

Forex Analysis

Trading plan

15.11.202307:54 Forex Analysis & Reviews: Trading plan for EURUSD on November 15, 2023

Technical outlook:

EUR/USD rallied sharply on Tuesday during the New York Session reaching the 1.0887 high. The single currency has hit the Fibonacci .1.27 extension and is just a few points away from taking out the 1.0930 high. Also, note that the price has tested the Fibonacci 0.50 retracement of the earlier downswing between 1.1275 and 1.0450 as the bears might be preparing to turn prices lower again.

The above rally in EUR/USD has been in line with our projections almost terminating the counter-trend rally close to 1.0900. We might witness another push higher before prices turn lower again. Most traders might be inclined to take profits on the long positions initiated earlier as resistance should be strong around the 1.0890-1.0930 zone.

EUR/USD has either completed its corrective wave around 1.0885-90 or it is close to termination. Please note that the Fibonacci 0.618 retracement of the above drop is seen passing through the 1.0930-50 range which should act as a potential reversal zone if prices manage to reach there. Immediate resistance is also seen around 1.0945.

Trading idea:

A potential rally is near to complete at 1.0887. Prepare to turn bearish again.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2025

More articles by this author

Back to the list

E-mail subscription

Benefit from analysts’ recommendations right now

Top up trading account

Open trading account

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.

Fundamental analysis
XAU/USD. Analysis and Forecast

Gold is attracting some sellers for the second day in a row, despite the absence of any clear fundamental catalyst for a decline. Most likely, this is due to trading

Author: Irina Yanina

11:50 2025-04-04 UTC+2

23

Stock Markets
Stocks slide sharply as broad tariffs raise recession risk

S&P 500 US equities plunged on Thursday as President Donald Trump's sweeping new tariffs triggered a sharp sell-off and reignited fears of a global recession. The Dow fell by 4%

Author: Jozef Kovach

11:14 2025-04-04 UTC+2

9

Stock Markets
US stock market on April 4: SP500 and NASDAQ suffering heavy losses

As a result of yesterday's regular session, US stock indices closed in the red. The S&P 500 plummeted by 4.84%, while the Nasdaq 100 lost 5.97%. The industrial Dow Jones

Author: Jakub Novak

11:13 2025-04-04 UTC+2

4
Analytical News
US Market News Digest for April 4

Markets tumbled after Donald Trump announced new import tariffs, triggering a widespread sell-off across US stocks. The Dow, NASDAQ, and S&P 500 all posted significant losses. The pressure on equities

Author: Ekaterina Kiseleva

10:55 2025-04-04 UTC+2

11

Technical analysis
EUR/USD. April 4th. The Trade Conflict Is Only Gaining Momentum

On Thursday, the EUR/USD pair continued its upward movement. At the moment, the decline in the U.S. dollar has paused, but the market could "explode" again at any moment

Author: Samir Klishi

10:32 2025-04-04 UTC+2

18

Technical analysis
GBP/USD. April 4th. What Can the Dollar Count On?

On the hourly chart, the GBP/USD pair once again soared on Thursday, breaking through several levels. Consolidation below the 1.3151 level allows for expectations of a slight decline toward

Author: Samir Klishi

10:21 2025-04-04 UTC+2

14
Technical analysis
EUR/USD and GBP/USD April 4 – Technical Analysis

After several attempts and three weeks of consolidation, the bulls finally launched a breakout, allowing them to close yesterday well above the resistance levels of the Ichimoku Cloud

Author: Evangelos Poulakis

09:38 2025-04-04 UTC+2

12

Fundamental analysis
The Growth of the Gold Price Has Stopped. What Is the Reason? (There Is a Possibility of a Local Corrective Pullback in #SPX and Bitcoin)

The global market crash triggered by the announcement of sweeping tariffs personally introduced by the U.S. President continues into Asian trading sessions. While the decline has slowed, there is still

Author: Pati Gani

09:09 2025-04-04 UTC+2

16

Crypto-currencies
Trading Recommendations for the Cryptocurrency Market on April 4

Bitcoin and Ethereum were able to withstand significant pressure again, which was exerted on them yesterday in the latter part of the day following a substantial sell-off in the U.S

Author: Miroslaw Bawulski

09:09 2025-04-04 UTC+2

11

Stock Markets

Hot forecast

Trading plan

Crypto-currencies

Trend line

Video analytics

Instrument:

EURUSD

GBPUSD

USDCHF

USDCAD

USDJPY

AUDUSD

GBPJPY

EURGBP

EURJPY

NZDUSD

EURNZD

Silver

Gold

#USDX

COVID-19

Bitcoin

Photonews

All Photonews

Five tulip festivals to brighten spring

Something that billionaires have in common

Betting on AI: five high-potential stocks...

Some extraordinary professions

Key developments in Artificial...

DeepSeek in focus: five key questions

Bitcoin's future: 4 factors that could...

Forex News

2025-04-04 18:45:25

Canada's Labor Market Sees Slight Dip in Participation Rate Amid Workforce Dynamics

Quick show

2025-04-04 18:45:25

Mexico's Consumer Confidence Dips Slightly in March

Quick show

2025-04-04 18:45:25

Silver Tumbles on Trade War, Demand Concerns

Quick show

2025-04-04 18:45:25

European Stock Sell-off Deepens

Quick show

2025-04-04 18:45:25

India's Bank Deposit Growth on a Steady Climb, Reaches 10.3%

Quick show

2025-04-04 18:45:25

Bank Loan Growth in India Decelerates Slightly to 11.0% in April 2025

Quick show

2025-04-04 18:45:25

India's Foreign Exchange Reserves See a Significant Increase to $665.40 Billion

Quick show

2025-04-04 18:45:25

Copper Futures Extend Weekly Losses to Over 10%

Quick show

2025-04-04 18:45:25

Gold Rebounds, On Track for 5th Week of Gains

Quick show

2025-04-04 18:45:25

UK 10-Year Bond Yield Nears 4-Month Low

Quick show
2025-04-04 18:45:25

Mexican Peso Loses Ground

Quick show

2025-04-04 18:45:25

European Stocks Tumble 5% Led by Banks

Quick show

2025-04-04 18:45:25

US Stock Sell-Off Worsens Amid Escalating Trade War

Quick show

2025-04-04 18:45:25

Gold Prices Fall More than 2%

Quick show

2025-04-04 18:45:25

Week Ahead - Apr 7th

Quick show

2025-04-04 18:45:25

Nickel Futures Fall to Over 4-1/2-Year Low

Quick show

2025-04-04 18:45:25

Wheat Hits 1-Month Low

Quick show

2025-04-04 18:45:25

Soybeans Slide as China Retaliates with Tariffs

Quick show

2025-04-04 18:45:25

Mexico Consumer Morale Falls to 2023-Lows

Quick show

2025-04-04 18:45:25

Baltic Dry Index Extends Slide Into 9th Day

Quick show
2025-04-04 18:45:25

Canada 10-Year Bond Yield Near 2-Year Lows

Quick show

2025-04-04 18:45:25

US 10-Year Treasury Yield Falls Below 4%

Quick show

2025-04-04 18:45:25

TSX Plunges to Near 8-Month Low

Quick show

2025-04-04 18:45:25

Ibovespa Poised for Sharp Weekly Losses

Quick show

2025-04-04 18:45:25

Canadian Dollar Eases

Quick show

2025-04-04 18:45:25

US Stock Sell-Off Worsens Amid Escalating Trade War

Quick show

2025-04-04 18:45:25

FTSE 100 Heads for Worst Day in 2 Years

Quick show

2025-04-04 18:45:25

Heating Oil Drops to Multi-Month Lows

Quick show

2025-04-04 18:45:25

US Natgas Prices Join Energy Markets Down

Quick show

2025-04-04 18:45:25

Dollar Little-Changed Amid Escalating Trade Tensions, Strong US Jobs Report

Quick show
2025-04-04 18:45:25

Canada Unemployment Rate Rebounds From 3-Month Low

Quick show

2025-04-04 18:45:25

US Jobless Rate Rises to 4.2% in March

Quick show

2025-04-04 18:45:25

US Wages Rise in Line with Forecasts

Quick show

2025-04-04 18:45:25

US Hiring Tops Forecasts

Quick show

2025-04-04 18:45:25

Canada Employment Unexpectedly Falls

Quick show

2025-04-04 18:45:25

Canada's Part-Time Employment Surge: March Sees a 41.8% Increase

Quick show

2025-04-04 18:45:25

March Sees Significant Decline in Canadian Employment Numbers

Quick show

2025-04-04 18:45:25

Canadian Employment Takes a Surprising Turn in March with Steep Decline

Quick show

2025-04-04 18:45:25

Canada's Average Hourly Wages for Permanent Employees See Decline in March

Quick show

2025-04-04 18:45:25

U.S. Unemployment Ticks Up in March, Ending Months of Stability

Quick show
2025-04-04 18:45:25

U6 Unemployment Rate in the US Shows Promising Decrease in March

Quick show

2025-04-04 18:45:25

U.S. Private Nonfarm Payrolls Surge by 93K in March, Indicating Robust Economic Momentum

Quick show

2025-04-04 18:45:25

U.S. Labor Participation Rate Climbs to 62.5% in March, Shows Slight Improvement

Quick show

2025-04-04 18:45:25

U.S. Nonfarm Payrolls Surge in March, Signaling Strong Job Market Recovery

Quick show

2025-04-04 18:45:25

US Manufacturing Payrolls Plummet in March, Adding Just 1,000 Jobs

Quick show

2025-04-04 18:45:25

U.S. Government Payrolls Surge by 8,000 Amid March Growth

Quick show

2025-04-04 18:45:25

U.S. Workforce Sees Slight Uptick in Average Weekly Hours for March 2025

Quick show

2025-04-04 18:45:25

U.S. Average Hourly Earnings Growth Slows to 3.8% in March 2025

Quick show

2025-04-04 18:45:25

U.S. Average Hourly Earnings Steady in March, Unchanged at 0.3% MOM

Quick show

2025-04-04 18:45:25

Canada's Unemployment Rate Sees Slight Uptick in March

Quick show
2025-04-04 18:45:25

Canada's Labor Market Sees Slight Dip in Participation Rate Amid Workforce Dynamics

Quick show

2025-04-04 18:45:25

Mexico's Consumer Confidence Dips Slightly in March

Quick show

2025-04-04 18:45:25

Silver Tumbles on Trade War, Demand Concerns

Quick show

2025-04-04 18:45:25

European Stock Sell-off Deepens

Quick show

2025-04-04 18:45:25

India's Bank Deposit Growth on a Steady Climb, Reaches 10.3%

Quick show

2025-04-04 18:45:25

Bank Loan Growth in India Decelerates Slightly to 11.0% in April 2025

Quick show

2025-04-04 18:45:25

India's Foreign Exchange Reserves See a Significant Increase to $665.40 Billion

Quick show

2025-04-04 18:45:25

Copper Futures Extend Weekly Losses to Over 10%

Quick show

2025-04-04 18:45:25

Gold Rebounds, On Track for 5th Week of Gains

Quick show

2025-04-04 18:45:25

UK 10-Year Bond Yield Nears 4-Month Low

Quick show
2025-04-04 18:45:25

Mexican Peso Loses Ground

Quick show

2025-04-04 18:45:25

European Stocks Tumble 5% Led by Banks

Quick show

2025-04-04 18:45:25

US Stock Sell-Off Worsens Amid Escalating Trade War

Quick show

2025-04-04 18:45:25

Gold Prices Fall More than 2%

Quick show

2025-04-04 18:45:25

Week Ahead - Apr 7th

Quick show

2025-04-04 18:45:25

Nickel Futures Fall to Over 4-1/2-Year Low

Quick show

2025-04-04 18:45:25

Wheat Hits 1-Month Low

Quick show

2025-04-04 18:45:25

Soybeans Slide as China Retaliates with Tariffs

Quick show

2025-04-04 18:45:25

Mexico Consumer Morale Falls to 2023-Lows

Quick show

2025-04-04 18:45:25

Baltic Dry Index Extends Slide Into 9th Day

Quick show

Company News

All news

InstaForex – Prime Sponsor of Traders Fair Lagos 2025!

InstaForex is proud to announce its participation in Traders Fair Lagos 2025 – one of the biggest financial events in Africa. As the Prime Sponsor, we warmly invite all traders, investors, and partners to visit our booth for unique opportunities, exclusive bonuses, and expert consultations. Why you can’t miss this event Traders Fair Lagos 2025 is not just an exhibition. It is a global platform to connect with leading financial experts. This event brings together traders, brokers, analysts, and investors from all over the world to explore trends, strategies, and technologies shaping the future of financial markets.

Caricatures

All caricatures