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!
EURUSD dropped through the 1.0222 lows on Monday before finding bids again. The single currency pair managed to pull back and is seen to be trading at about 1.0250 at this point in writing. Until prices stay above 1.0000, the bulls can come back in control and push the price towards the 1.0550-1.0600 zone before giving in to the bears again.
EURUSD is facing interim resistance at 1.0481, while support comes in around 0.9935, followed by 0.9740 on the daily chart. A push above 1.0481 will further confirm and accelerate the climb towards the 1.0550-1.0600 zone. Also, note that 1.0600 is close to the Fibonacci 0.382 retracement of the previous larger-degree downswing between 1.2266 and 0.9535 levels respectively.
EURUSD has been in a counter-trend rally after printing lows at 0.9535 earlier. The currency pair seems to be into its last leg higher towards the 1.0550-1.0600 zone before finding strong resistance. Also, note that the next-in-line price resistance is seen at about 1.0600 which could be the next target for bulls.
Potential rally towards 1.0550 against 1.0000
Good luck!
*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.
