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 reached a new local high at 1.0916 following the US FED's decision to maintain interest rates at 5.50%. The pair retraced 61% of the previous downward wave, ending with a Pin Bar candlestick on the H4 chart. Intraday support lies at 1.0854, 1.0823, and 1.0800. It is important to note that a sustained drop below short-term trend line support could shift the outlook to bearish.
The momentum on the H4 chart is positive but the market is overbought. Attention is now on the ECB's interest rate decision, economic projections, and press conference. Key data releases today are crucial and could significantly impact market volatility.
Pivot Points are essential in identifying potential trend reversals, support, and resistance levels.
The EUR/USD reversed from the 61% Fibonacci level at 1.0963 after a false breakout on the weekly chart. A weekly close above this level is required for an upward trend continuation. Currently, the price is under bearish pressure with no indication of a potential swing low. Key support is at 1.0666.
The general sentiment is bullish (60% bulls vs. 40% bears). Last week's sentiment was also bullish (58% bulls vs. 42% bears), as is the sentiment over the past three days (60% bulls vs. 40% bears).
The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses.
Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader.
#instaforex #analysis #sebastianseliga
*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।
