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

Exchange Rates 06.11.2018 analysis

Technical outlook:

The daily chart view has been again depicted here to give a larger picture for EUR/USD. The entire drop from 1.2500/50 through 1.1300 levels is seen as a down swing and fibonacci retracement levels have been spread across. Normally a counter trend rally would reverse from fibonacci 0.382 or it would extend all the way through the 0.618 of the earlier swing. In this case, prices reversed from around 0.382% of an earlier swing drop but looking to extend through the 0.618% from here. Please note that prices need to at least break above 1.1620 levels, which is initial price resistance, followed by 1.1830 levels respectively. Furthermore, the sloping trend line is seen to be passing through 1.2000 mark for now, close to 1.2076, which is fibonacci 0.618 retracement of earlier drop.

Trading plan:

Remain long against 1.1300, targeting 1.1850 and 1.2

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.