Stay 
Trading Conditions
Products
Tools
EUR/USD is moving in a relatively tight range above 1.1400 ahead of the American session as investors remain on the sidelines while waiting for the US inflation data. Earlier in the day, the European Commission announced that it raised the 2022 inflation forecast to 3.5% from 2.2%.
The Relative Strength Index (RSI) indicator on the four-hour chart is sitting above 50 early Thursday, pointing to a bullish tilt in the near term. However, the pair might need to break above 1.1480 (static level) to convince buyers of another leg higher. Above that level, 1.1500 (psychological level, static level) aligns as the next resistance before 1.1550.
On the downside, supports ate located at 1.1400 (psychological level, Fibonacci 23.6% of the latest uptrend), 1.1350 (Fibonacci 38.2% retracement, 200 period-SMA) and 1.1320 (100-period SMA).
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.
