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 previous events, the price has still been trapped between 1.5280 and 1.5215, so it is wise to be careful in this range area around the level 38.2% of Fibonacci retracement levels and 00% (it will form a double bottom)...
According to previous events, the price has still been trapped between 1.5240 and 1.5160. Buy above 1.5090 with a first target of 1.5150, it might resume to 1.5235. A stop loss should be set below 1.5055....
According to previous events, the price has still been trapped between 1.5263 and 1.5165 so to be careful at this range area around the level 38.2% of Fibonacci retracement levels....
The EUR/JPY's subsequent sharp fall suggests that a decline from 132.10 yesterday had resumed to 130.00 (strong support). The pair has already formed a strong resistance at the level of 132.80 and it is now approaching it in order to test it....
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 previous events, the price has still been trapped between 1.5425 and 1.5315. Buy above 1.5253 with a first target of 1.5388, it might resume to 1.5500....
According to the previous events, the price is still between the levels of 1.5580 and 1.5610. The descending movement will probably be lower than the 1.5630 level with the first targets at 1.55905 and 1.552.
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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....
