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TECHNICAL ANALYSIS Mar.01

Euro

According to the analysts from Fort Financial Services: the 4-hour graph of the pair EUR/USD shows a continued downwards movement of the euro currency. The pair decrease stopped near the level of 1.0925. However, the pair had a new decline impulse and continued its movement to the south.

The bulls will regain the leadership if they break through the resistance at 1.0925. Their target will be to 1.1050 and 1.1150.

The bears will maintain the initiative if they break through the support at 1.0800. Their target will be to 1.0680.

technical_eurusd_01_03_2016

Pound

On the 4-hour graph the pair GBP/USD exited the area of the minimum levels. Earlier, the bears dropped the price to the area of 1.3840. This level was numerously tested. Afterwards, the pair moved up and tested the resistance at 1.3920. Nevertheless, the bulls did not manage to overpass this level.

The bulls will keep the leadership if they break through the resistance at 1.3920. Their target will be 1.4000 and 1.4080.

The bears will regain the initiative if they overpass the support at 1.3840. Their target will be 1.3760.

technical_gbpusd_01_03_2016

Yen

The pair USD/JPY could not overpass the resistance 113.80 on the 4-hour graph. The monetary instrument dropped to the support at 113.00 under the bears’ pressure, where the decrease was stopped. The pair is traded in a consolidating range with the weak probability of decrease. The analysts from FortFS said that the trades were ended slightly below 113.00.

The bulls will regain the initiative if they overpass the resistance at 113.00. Their target will be to 113.80 and 114.60.

The bears will manage to keep the initiative if they break through the support at 112.20. Their target will be 111.40 and 110.60.

technical_usdjpy_01_03_2016

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