The data from the 4-hour graph shows a new quotes’ correction in the downwards direction. The splash of investor’s activity brought to the breakthrough of support at 1.1260. According to the analysts from Fort Financial Services the trades ended up slightly below, but the drop was stopped.
The bulls will regain the leadership if they break through the resistance at 1.1260. Their target will be 1.1350 and 1.1440.
The bears will maintain the initiative if they break through the support at 1.1150. Their target will be 1.1050 and 1.0925.
As it can be seen on the 4-hour graph the pair is traded in the narrow sided range. The price is in the area of 1.4560 which became a growth barrier, later the price dropped down to the support at 1.4490. Despite the return of the bearish sentiment the trading session was ended within the range limits.
The bulls will regain their leadership if the pair overpasses the resistance at 1.4560. Their target will be 1.4630 and 1.4700.
The bears will manage to keep the initiative if they overpass the support at 1.4490. Their target will be 1.4400 and 1.4320.
The 4-hour graph shows that the lasting bears’ domination in the pair of the main currencies was stopped. The bulls returned to the market confidently overcoming a number of resistance levels. The analysts from FortFS say that the pair will end the trades slightly below the resistance at 113.80.
The bulls will maintain in the leadership if they break through the resistance at 113.80. Their target will be 114.60 and 115.40.
The bears will regain the initiative if they manage to break through the support at 113.00. Their target will be 112.20 and 111.40.
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