Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
我们的团队有超过700万的操盘手!
我们每天都在一起努力改善交易。我们得到了很高的成绩,并继续前进。
世界各地数以百万计的操盘手的认可是我们工作的最大赞赏! 您做出了您的选择,我们将尽一切努力来满足您的期望!
我们是一个共同的伟大团队!
InstaSpot. 自豪地为您工作!
The weak data from the UK labor market set the tone for the entire day yesterday, allowing the dollar to noticeably strengthen. This was especially true against the single European currency, which eventually fell below 1.0900, a level that had long served as the lower boundary of the range. However, it's too early to claim that the situation in the market has radically changed.
It is likely that the decline of the euro is only temporary, and things may return to normal today. This is not due to European inflation, which is expected to rise from 2.4% to 2.9%. This fact has been known to the market since the publication of preliminary estimates. The likely cause will be American macroeconomic statistics, primarily retail sales, which are expected to slow down from a growth of 4.1% to 4.0%. This decrease should not be dismissed as insignificant as it concerns December data—when Christmas and New Year's gifts are traditionally purchased, so consumer activity typically increases.
Thus, even such a minor slowdown in the growth of retail sales is quite significant. Nevertheless, the dollar may receive some support from industrial production, the decline of which may slow from -0.4% to -0.1%. However, this won't be of much help, as it still indicates a continuing decline in production.
The long-standing sideways channel of 1.0900/1.1000 in the EUR/USD currency pair was broken on a downward trajectory. During the breakdown, there was an increase in short positions, which ultimately led to the prolongation of the corrective cycle in the market from the local high of last December.
On the four-hour chart, the RSI is crossing the oversold zone, indicating a local overheating of the euro's short positions. However, it should be noted that critically important oversold areas were not affected.
On the same time frame, the Alligator's MAs are directed downwards, confirming the price's exit from the stagnation phase.
Outlook
A stable holding of the price below 1.0850 could lead to a subsequent increase in short positions, contrary to the technical factor of the euro's course being oversold. In this case, a movement towards 1.0800 is possible. As for the alternative scenario, for its consideration, the quote first needs to return above the 1.0900 level.
The comprehensive indicator analysis for short-term and intraday periods indicates a downward trend due to the breakdown of the lower boundary of the flat range.
*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。