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!
Early in the American session, the EUR/USD pair is trading around 1.1345, reaching the top of the downtrend channel and showing signs of exhaustion.
The euro could resume its bearish cycle if it consolidates below 1.1370 in the coming days. It could then reach the 6/8 Murray level at 1.1230 and eventually reach the 200 EMA around 1.1161.
On the other hand, if the instrument breaks and consolidates above 1.1400, we could expect it to continue rising to reach the 7/8 Murray level at 1.1474. Eventually, EUR/USD could reach the 8/8 Murray level at 1.1718.
The outlook remains negative for the euro, and we believe it could reach the psychological level of 1.10 around the 5/8 Murray level in the short term.
The Eagle Indicator is showing a negative signal, and we will look for selling opportunities while the euro price remains below 1.1400, with a short-term target at 1.0986.
*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.
