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 EUR/USD pair continues to move sideways in the short term. It's trading at 1.0830 at the time of writing. You already know from my analyses that only a valid breakout from this chart formation could bring good opportunities.
Fundamentally, the Eurozone Final CPI and Final Core CPI came in line with expectations. Still, the US is to release significant economic data, so the fundamentals should drive the rate later.
The US PPI may report a 0.1% drop, Core PPI could report a 0.1% growth, Retail Sales could remain in the negative territory, the indicator is expected to register a 0.8% drop, while Core Retail Sales could drop as well by 0.5%.
From the technical point of view, it's still trapped within an extended range. It has rallied after a false breakdown below 1.0780 and it has reached 1.0867 again. Now, it has registered only a false breakout through this static resistance and it's located below the upper median line (uml) again.
Failing to make a new higher high signaled exhausted buyers and announced a potential downside breakout.
As long as it stays under the upper median line (uml), EUR/USD could slip lower. A new lower low, bearish closure below 1.0766 activates a deeper drop towards the S1 (1.0690). The median line (ml) could attract the price as well.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
