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!
After 47 days, the EUR/USD pair finally closed the gap left on February 27, demonstrating that technical analysis also has targets to be met. From the 1.14 level, a new upward move began, reaching a high around 1.1827.
The euro had left a gap in February around 1.1813, which was completely filled yesterday during the US session. A technical correction is now expected toward the lower band of the uptrend channel located at 1.1645.
If the euro finds solid support above the 21 SMA at 1.1778, this area could present a buying opportunity with targets at the 5/8 Murray level around 1.1840.
Given that the Eagle indicator has reached overbought levels, should a pullback occur toward the 5/8 Murray level, this could be considered an opportunity to open short positions, with targets at the 4/8 Murray level at 1.1718 and finally at the lower band of the uptrend channel.
Technically, the euro could consolidate below 1.1840 over the next few days. Therefore, we will look for signals to continue selling EUR/USD as there is strong downward pressure.
*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.
