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Technical Analysis Feb.18

Euro

On the 4-hour graph it can be seen that the pair EUR/USD is consolidating with the tendency to decline: said the analysts from Fort Financial Services. After a short term consolidation above 1.1150 the pair then broke through it downwards. The pair is traded below this level which now serves as resistance.

The bulls will regain the leadership if they break through the resistance at 1.1150. Their target will be 1.1260 and 1.1350.

The bears will maintain the initiative if they break through the support at 1.1050. Their target will be 1.0925 and 1.0800.

technical_eurusd_18_02_2016

Pound

The pair GBP/USD is traded in the consolidating range. Earlier, the bears pushed down the support at 1.4320 where the trades took place. The bears could not develop the downwards move however, they managed to test the support at 1.4240.

The bulls will regain the initiative if they overpass the resistance at 1.4320. Their target will be 1.4400 and 1.4480.

The bears will keep their leadership if they break through the support at 1.4240. Their target will be 1.4160.

technical_gbpusd_18_02_2016

Yen

According to the analysts from FortFS the pair USD/JPY is traded between the levels 114.60 and 113.80. The pair attempted to grow to the resistance at 114.60. However, the attempt was unsuccessful and the monetary instrument returned to the support at 113.80.

The bulls will regain the initiative if they break through the resistance at 114.60. Their target will be 115.40 and 116.20.

The bears will keep the initiative if they overpass the support at 113.80. Their target will be 113.00 and 112.20.

technical_usdjpy_18_02_2016

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