See also
10.03.2025 10:30 AMTrend Analysis (Fig. 1):
On Monday, the market, starting from 1.0833 (Friday's daily close), may continue moving downward toward 1.0811, which corresponds to the 14.6% retracement level (blue dashed line). If this level is reached, the price may then begin an upward movement toward 1.0909, a historical resistance level (light blue dashed line).
Comprehensive Analysis:
Overall Conclusion: The general trend remains bearish.
Alternative Scenario:
If the price continues downward from 1.0833 (Friday's daily close), it may reach 1.0763 (the 23.6% retracement level, blue dashed line). Upon reaching this level, a corrective upward movement toward 1.0909 (historical resistance, light blue dashed line) is possible.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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 InstaFintech Group 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 InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
