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Technical Analysis Feb.19

Euro

The analysts from Fort Financial Services pointed out that the pair EUR/USD is decreasing on the 4-hour time-frame. After breaking through 1.1150 the pair was traded in a consolidating range with a declining tendency. The pair sharply decreased on Thursday’s trades but the bears could not drop the price to the support level at 1050.

The bulls will regain the initiative if they overpass the resistance at 1.1150. Their target will be 1.1260 and 1.1350.

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

technical_eurusd_19_02_2016

Pound

On the 4-hour graph the monetary instrument GBP/USD was traded in the range limited by the levels 1.4240 and 1.4320. During Thursday’s trades the resistance at 1.4320 was confidently overpassed upwards. The pair grew to 1.4400 but at the end of trading returned to 1.4320.

The bulls will regain the leadership if they break through the resistance at 1.4400. Their target will be 1.4480 and 1.4560.

The bears will keep the initiative if they break through the support at 1.4320. Their target will be 1.4240 and 1.4160.

technical_gbpusd_19_02_2016

Yen

According to the analysts from FortFS, the pair was traded near 113.80 on the 4-hour time-frame. On Thursday, at the end of trading the dollar weakened and the pair overpassed this mark downwards. The low volatility trades did not allow the bears to lower the price to the support at 113.00.

The bulls will regain the initiative if they overpass the resistance level at 113.80. Their target will be 114.60 and 115.40.

The bears will manage to keep their initiative if they break through the support at 113.00. Their target will be 112.20 and 111.40.

technical_usdjpy_19_02_2016

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