Instant account opening
Site map
Български Čeština English Français Deutsch Italiano Polski Português Русский Slovenský Español Nederlands

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
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Registration is not available for non-EU residents. Please, proceed to the website of the other member of the InstaForex group.
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Long-term review
Company does not offer investment advice and the analysis performed does not guarantee results

EURUSD continues to trade in a short-term bullish trend after breaking above 1.1230 and in a medium-term bearish trend as long as price is below 1.1350-1.14. Today we start the day with a strong opening as EURUSD is making new short-term highs.

Exchange Rates 12.04.2019 analysis

Red lines - bullish divergence

Black line - major resistance

EURUSD is mostly moving sideways with a negative slope since last summer when the bullish divergence signs started. Divergence is just a warning but not a reversal sign. EURUSD has been trading close and closer to the major 61.8% Fibonacci retracement of the entire 2016-2018 rally. Price has formed a downward sloping wedge pattern. Major resistance remains at 1.14 and as long as price is below that level, medium-term trend will remain bearish. There are many chances of approaching the upper wedge boundary around 1.1370-1.1360 as short-term trend is bullish and as we continue to see price respect the short-term support at 1.1250.

*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 Companies Group © 2007-2020
Top up trading account

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.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.14% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving, a website operated by INSTANT TRADING EU LTD