¡Nuestro equipo cuenta con más de 7,000,000 operadores!
Cada día, trabajamos juntos para mejorar las operaciones. Obtenemos grandes resultados y seguimos adelante.
El reconocimiento de millones de operadores en todo el mundo es el mejor agradecimiento a nuestro trabajo! ¡Usted hizo su elección y haremos todo lo que esté a nuestro alcance para satisfacer sus expectativas!
¡Juntos somos un gran equipo!
InstaSpot. ¡Orgulloso de trabajar para usted!
¡Actor, 6 veces ganador del torneo UFC y un verdadero héroe!
El hombre que se hizo a sí mismo. El hombre que sigue nuestro camino.
El secreto detrás del éxito de Taktarov es el constante movimiento hacia el objetivo.
¡Revele todo los lados de su talento!
Descubra, intente, fracase, ¡pero nunca se rinda!
InstaSpot. ¡Su historia de éxito comienza aquí!
Despite the ongoing holidays in Europe and the complete absence of any macro data, just before the opening of the US trading session, that is, in the pre-market, the dollar noticeably strengthened. Moreover, this happened quite rapidly. Afterwards it gradually returned to its previous values. It is unlikely that this was a market reaction to the United States Department of Labor report. Most likely, it was just a random surge after the long weekend. The market was virtually inactive for almost four days, taking into account the holidays, of course. After all, both Europe and North America were on holiday on Friday. The subsequent return of quotes to their original positions indicates that this is a random jump of a purely speculative nature.
Today is a full-fledged trading day. And macro data is set to be published, which will undoubtedly influence investors' sentiment. The eurozone retail sales report will be released, with the decline rate expected to accelerate from -2.3% to -3.1%. Consumer activity, and retail sales being its best indicator, directly affects economic dynamics, and its decline indicates a downturn in the economy. This is especially true when it comes to accelerating this very decline. In other words, there seems to be no reason for the single currency to rise. Rather, on the contrary, there are prerequisites for its decline.
Retail sales (Europe):
EURUSD prolonged the pullback. As a result, the overall scale of the euro's weakening from the local high reached about 1.3%, which is approximately 140 points. If we compare this movement with the scale of the upward cycle from the middle of March, we can notice that the bullish sentiment persists since the overall market momentum has not been disrupted in any way.
On the four-hour chart, the RSI technical indicator is hovering in the lower area of 30/50, which points to the pullback stage. On the daily chart, the RSI is hovering in the upper area, which corresponds to the medium-term cycle.
On the four-hour chart, the Alligator's MAs are headed downwards, this correlates with the pullback stage. On the daily chart, the Alligator's MAs are headed upwards, which corresponds to the price's movement.
Outlook
The speculative decline that took place during the past day has been almost entirely played out. An increase in the volume of long positions emerged around the 1.0830 level, meaning the quote nearly reached the 1.0800 support level. For a technical signal indicating the end of the pullback stage, the quote needs to return above the 1.0950 level. In this case, there is a high probability of breaking the psychological level of 1.1000, which, in turn, will prolong the uptrend in the medium-term.
The bearish scenario considers the subsequent construction of a pullback, where, in case the price returns below the 1.0850 mark, the quote is likely to reach the 1.0800 level.
In terms of the complex indicator analysis, we see that in the short-term, technical indicators are pointing to an uptrend due to the rate of the euro's recovery relative to the recent decline. Meanwhile, in the intraday period, the indicators are focused on the downward cycle, which happened during the pullback period. And in the mid-term, the indicators are reflecting an upward cycle.
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
