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!
The euro has been poised for a decline since Tuesday; however, the growth of the stock market has kept European currencies in a sideways trend. We do not anticipate a sustained trend in the stock indices. The upcoming Federal Reserve meeting on January 29 may temper the excessive optimism among investors. It is evident that the euro is also awaiting this meeting of the U.S. central bank.
On the daily timeframe, the MACD line is approaching the support level of 1.0350. The price is currently trading comfortably within the range of 1.0350 to 1.0458. A break and consolidation beyond either boundary of this range will indicate further movement—either an increase toward 1.0598 or a decline to 1.0135. The primary scenario remains bearish.
On the four-hour chart, the support level at 1.0350 is reinforced by the MACD line. Thus, if the price breaks below this level, it will signal a strong likelihood of further declines. Additionally, the Marlin oscillator is moving into bearish trend territory, which could set the stage for a downward price breakout.
*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.
