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

Long-term review

The EUR/USD has recently made an important trend reversal and bounced from critical long-term support at 1.0570. If the pattern repeats itself relative to the latest two price actions which were big upward moves, then we should start seeing some important resistance levels broken and a new move towards 1.10 at least could start.

Exchange Rates 18.04.2017 analysis

Last week price showed reversal signs and EURUSD is trying to change short-term trend to bullish by breaking out above the 4-hour cloud resistance. Important resistance levels for the shortterm are at 1.07-1.0740-1.0770. Breaking above these levels will strengthen the bullish scenario. A break below 1.0570-1.06 will open the way for a push to new lows towards 1.03.

Exchange Rates 18.04.2017 analysis

Red line - long-term support trend line

Blue line- bullish scenario projection

Will EURUSD bounce again off the red trend line support? Price is also bouncing off cloud support, so we have confirmation that the 1.06-1.0570 area is an important support area. If the pattern repeats itself, we will see a gradual rise towards 1.10. I favor this scenario as long as we trade above the long-term support trend line.

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

Performed by Alexandros Yfantis,
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.