Condições de Negociações
Ferramentas
The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 106.60 suggesting a decline. Though breaking through these levels can allow it to reach the upper limit of its channel - 107.80.
Technical indicators provide sell-signals supporting the assumption of a plunge in a short term. Bollinger bands have greatly tightened in recent days showing a decrease in volatility and the imminence of a violent motion.
In accord to the previous events, the market will give out a bullish opportunity as soon as the spot rate has passed its resistance at 106.60 with the 1st objective of 107.20 and then of 107.40. A break through 106.40 will invalidate this scenario.
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.
