We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
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According to the previous events, the price has still been trapped between 1.0185 (78% of Fibonacci retracement levels) and 0.9987 (50% of Fibonacci retracement levels). ...
According to the previous events, the price is expected to remain between 0.8480 and 0.8433 levels.
0.8541: strong resistance, then sellers asking for a high price.
0.8380: strong support, then buyers bidding at a lower price....
According to the previous events, the price is still between the levels of 1.5520 and 1.5580. The descending movement will probably be lower than the 1.5615 level with the first targets at 1.5560 and 1.5518.
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According to the previous events, the price is still between the levels of 0.8530 and 0.8560. The descending movement will probably be lower than the 0.8600 level with the first targets at 0.8660 and 0.8510. Buy deals are recommended above 0.8505 with targets at 0.8555 and 0.8590....
