Stay 
Trading Conditions
Products
Tools
EUR/USD advances to new monthly peaks in the 1.2260/65 band on turnaround Tuesday. The buying bias remains well and sound for the time being and allows for the uptrend to attempt an assault to the 1.2300 hurdle in the short-term horizon. Further north, another visit to the YTD peaks in the 1.2350 area (January 6) should not be ruled out.
Extra gains remain supported by the short-term support line (off March lows) around 1.2150. On the broader view, the constructive stance on EUR/USD is forecast to remain intact as long as it trades above the ascending trendline support since early May.
Of note, however, is that the daily MACD did not confirm the recent peaks, the formation of bearish divergence which could be indicative that a corrective downside is in the offing in the short term.
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.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
