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


In the short term, the trend direction on the euro chart is set by the bullish wave of August 1. In its framework, a downward correction has been developing since the 6th, which has received lengthening in recent days. At the time of analysis, the price is next to the support. The structure of the correction looks completed, but the reversal signal is not observed.


Today, the completion of the current decline is expected, the exchange rate, and the beginning of the price rise. When turning, a short-term puncture of the lower border of the support zone is not excluded.


Today, trading in the euro market is not recommended. The potential for sales has been exhausted. Until there are unambiguous signals of a change in the direction, buying the euro can be very risky. After the appearance of signals, the main attention should be paid to the pair's purchases.

Resistance zone:

- 1.1160/1.1190

Support zone:

- 1.1100/1.1070

Exchange Rates 16.08.2019 analysis


After the completed 2-week bullish correction, the downward section of August 13 gave rise to a new trend wave. It has a reversal potential. In the last day, a correction is formed.


In the first half of the day, the pair is expected to complete the upward movement. In the area of the resistance zone, then you should wait for the reversal and the price move of the pair down.


The purchase of the pair is possible only if the style of day's trade on small TF. In the area of the resistance zone, it is recommended to track the reversal signals on your vehicle, in order to sell the instrument.

Resistance zone:

- 128.70/129.00

Support zone:

- 127.90/127.60

Exchange Rates 16.08.2019 analysis

Explanations to the figures: Waves in the simplified wave analysis consist of 3 parts (A-B-C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.

Attention: The wave algorithm does not take into account the length of time the instrument moves.

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

Performed by Isabel Clark,
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.