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!
Markets halted movement yesterday due to the holiday in the US. Euro could come into motion today, but traders will have to look for reasons because the macroeconomic calendar remains empty. Euro will likely remain in a sideways trend unless significant political news appears.
Pound, on the other hand, showed some activity, but the scale appeared significant only because of the lack of movement in euro. Most likely, it will behave in the same way as euro today.
EUR/USD slowed down its pullback near the resistance level of 1.0800. This resulted in a stagnation, which indicates a reduction in the volume of long positions. The next upward movement will occur after the price stabilizes above the level of 1.0800. Until then, market players could consider this level as resistance.
GBP/USD dropped below the level of 1.2600, indicating a persisting bearish sentiment. If the volume of short positions continues to rise, the pair will decline to the support area of 1.2500/1.2530. Otherwise, the amplitude along the level of 1.2600 may resume its development.
*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.
