ہمارے ٹیم میں 7000000 سے ذائد تاجران شامل ہیں
ہم تجارت کی بہتری کے لئے ہر روز اکھٹے کام کرتے ہیں اور بہترین نتائج حاصل کرتے ہوئے آگے کی جانب بڑھتے ہیں
دُنیا بھر سے سے لاکھوں ہمارے بہترین کام کو سند عطاء کرتے ہیں آپ اپنا انتحاب کریں باقی ہم آپ کی توقعات پر پورا اترنے کے لئے اپنی بہترین کوشش کریں گے
ہم مل کر ایک بہترین ٹیم بناتے ہیں
انسٹا فاریکس آپ سے کام کرتے ہوئے فخر محسوس کرتا ہے
ایکٹر - یو سی ایف 6 ٹورنامنٹ چیمپین اور واقعی ہیرو
ایک فرد کے جس نے اپنا آپ منوایا ہے وہ فرد کہ جو ہماری راہ پر چلا ہے.
ٹکٹا روو کی کامیابی کا راز یہ ہے کہ وہ اپنے اہداف کی جانب مسلسل بڑھتا رہتا ہے
اپنے ہنر یا ٹیلنٹ کے تمام پہلو آشکار کررہے ہیں
پہچانیں ، کوشش کریں ، ناکام ہوں لیکن کبھی نہ رُکیں
انسٹا فاریکس آپ کی کامیابی کی کہاں یہاں سے شروع ہوتی ہے
During Monday, the EUR/USD pair reversed in favor of the euro and consolidated above the 100.0% Fibonacci retracement level of 1.1577. Thus, the growth process may continue toward the next retracement level of 76.4% at 1.1696. A consolidation below the 1.1577 level would favor the US dollar and a resumption of the decline toward the 127.2% Fibonacci level at 1.1440.
The wave situation on the hourly chart remains clear. The last completed downward wave did not break the low of the previous wave, while the last upward wave broke the previous peak. Thus, the trend may be shifting back to a "bullish" one. Donald Trump's actions in the Middle East triggered large-scale military operations in the region involving about a dozen countries, which allowed the dollar to strengthen as a "safe-haven" currency. However, this week Washington has moved toward reconciliation, putting pressure on the dollar.
There were no economic releases scheduled on Monday, but Donald Trump changed the situation by unexpectedly announcing productive negotiations with Iran, which led him to postpone his decision to strike energy infrastructure by five days. Iran immediately denied the US president's statement, but the market interpreted this as the first steps toward ending the conflict. According to various insider reports, negotiations between Tehran and Washington have not yet taken place, but are planned in the near future. It is difficult to say how they will end, but it is still better than nothing. Markets have no choice but to hope for the best. Of course, traders generally do not care which direction a pair moves, but I believe everyone would welcome an end to the war in the Middle East and a decline in energy prices. Thus, we can only wait for new statements from Tehran and Washington and hope for negotiations and peace. The more signals the market receives about the possibility of ending the war, the more the bears will retreat and the dollar will weaken. In recent weeks, the US currency has strengthened solely due to geopolitical factors. Now this factor is starting to turn against the dollar.
On the 4-hour chart, the pair has risen to the 76.4% Fibonacci level of 1.1617. A rebound from this level would favor the US dollar and lead to some decline toward the 100.0% retracement level of 1.1474. A bullish trend will become possible after the euro closes above the channel. The first target for bulls is the 1.1706 level. No emerging divergences are observed on any indicators.
Commitments of Traders (COT) report:
During the last reporting week, professional traders closed 52,800 long positions and opened 31,212 short positions. The sentiment of the "Non-commercial" group remains bullish thanks to Donald Trump and his policies, but in recent weeks we have seen an active reduction in long positions and an increase in short positions. The total number of long positions held by speculators now stands at 213,000, while short positions total 191,000. The advantage of the bulls has almost completely evaporated in just a few weeks.
Overall, in the long term, major players continue to show strong interest in the euro. Of course, various global events—of which there has been no shortage in recent years—affect investor sentiment in different ways. At present, all market attention is focused on the Middle East, where the war continues to escalate and expand geographically. Thus, in the near term, the euro and dollar exchange rate will depend not on the monetary policies of the Federal Reserve or the ECB, nor on economic data, but on the war in Iran. For now, the dollar is benefiting the most from this situation.
Economic calendar for the US and the Eurozone:
On March 24, the economic calendar contains quite a number of relatively minor entries. The impact of the news background on market sentiment on Tuesday may be weak.
EUR/USD forecast and trader advice:
Selling the pair is possible today if it consolidates below the 1.1577 level, with a target of 1.1440. Buy trades could have been opened after a rebound from 1.1440 with a target of 1.1577, which has already been reached. New buying opportunities emerged after a close above 1.1577, with a target of 1.1696.
Fibonacci levels are constructed from 1.1577–1.2082 on the hourly chart and from 1.1474–1.2082 on the 4-hour chart.
*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.
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.
