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TECHNICAL ANALYSIS MAR.03

Euro

According to the analysts from Fort Financial Services: on the 4-hour chart the pair EUR/USD is traded in a downtrend. The pair is traded at low volatility between 1.0925 and 1.0800. The downward momentum is not enough to test the support at 1.0800.

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

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

technical_eurusd_03_03_2016

Pound

The currency instrument GBP/USD was significantly strengthened. When support at 1.3920 was tested the price went up. The bulls overpassed the important resistance level at 1.4000. Through continued growth the pair approached and tested the level of 1.4080.

The bulls will maintain the leadership if they overpass the resistance at 1.4080. Their target will be 1.4160 and 1.4240.

The bears will regain the initiative if they overpass the support at 1.4000. Their target will be 1.3920 and 1.3840.

technical_gbpusd_03_03_2016

Yen

The pair USD/JPY attempted to resume its growth. After it broke through the resistance at 113.80 the pair formed a short term consolidation above this level. The growth then continued and the price tested the mark 114.60. The pair went down and overpassed the support at 113.80 after it tested the resistance level. The analysts from FortFS said that the trades ended below this level.

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

The bears will keep the initiative if they overpass the support at 113.00. Their target will be 112.20 and 111.40.

technical_usdjpy_03_03_2016

You may find the market review on our website:
https://www.fortfs.com

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