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!
EUR/USD
On Friday, the price closed below the balance indicator line on the daily chart. This morning, the price is trying to rise above the level of 1.0796. If it closes Tuesday above this mark, the next target will be 1.0905. However, it has a weak potential for growth, as the Marlin oscillator will continue to move in the downtrend territory.
Today, the US Manufacturing Purchasing Managers' Index for March will be published. Market players expect it to rise from 52.2 to 52.8. The ISM Manufacturing PMI is projected at 48.5, up from February's 47.8. This will weigh on the euro. If the pair closes the day below the level of 1.0796, then we can confirm the initial signal that we saw on Friday, and the price may fall to 1.0724. The second target is 1.0632 - the low of May 31, 2023.
On the 4-hour chart, the price fluctuates at the level of 1.0796. The Marlin oscillator is close to transitioning into the growth territory. If the price settles above this mark, Marlin will climb above the zero line, and such a combined signal will open the corrective target of 1.0820 - the MACD line on the considered timeframe. If the price settles above 1.0822, the target will be 1.0865. A break below Friday's low will remove the risk of corrective growth.
*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.
