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!
EUR/USD dropped further towards the 1.0550-55 lows amid risk aversion, but a potential bullish divergence is seen on the 4H RSI as marked here. A pullback is overdue at least towards the 1.0740-50 zone before the drop could continue further. On the flip side, the ongoing slide from the current levels could lead the instrument down to 1.0400 and lower.
EUR/USD has either completed its drop from 1.1275 or is very close to terminating and turning higher to produce a meaningful pullback. The next short-term support is now seen towards 1.0510-20 which should provide the necessary bounce. Also, note that a pullback from here has the potential to push the price down to 1.1000 going forward.
EUR/USD has carved a meaningful downswing between 1.1275 and 1.0550-55 and the bulls would be poised to produce a pullback rally at least towards 1.0740-50 which is initial resistance. A break above 1.0610 will confirm that a bottom is in place and the bulls are back in control to push through 1.0750.
A potential counter-trend rally is to resume soon towards 1.0750 and up to 1.1000
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.
