Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Exchange Rates 12.09.2019 analysis

Technical outlook:

The euro dropped to anticipated levels yesterday, in a corrective wave, as presented. Still looking at the counts for lower degree wave c, it remains a possibility that EUR/USD drop below 1.0987 will be followed by a further rally. The structure has been represented as an A-B-C correction higher for now, unless a change is witnessed. Immediate price resistance remains at 1.1165, followed by 1.1250 respectively and a break above that would probably indicate that a meaningful bottom has been in place. As for a trading strategy, it is a good idea to initiate longs at the current price of 1.1015 and also add further if prices manage to print a low below 1.0987 levels with risk at 1.0910 respectively. Prices have already bounced off the fibonacci 0.618 support, but chances of yet another shallow lows remain.

Trading plan:

Remain long from now and add further at 1.0980, stop below 1.0922, target at 1.1140 and 1.1180

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Oscar Ton,
Analytical expert
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.