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TECHNICAL ANALYSIS MAR.08

Euro

The analysts from Fort Financial Services said that the bears attempted to drop the pair EUR/USD to the support at 1.0925. Earlier on the 4-hour chart, the pair was traded in the narrow range limited by 1.1050 and 1.0925. After the bear’s unsuccessful attempt to drop the price to 1.0925 the pair obtained a growth impulse. The trades ended slightly below the level of 1.1050.

The bulls will keep the initiative if they break through the resistance at 1.1050. Their target will be 1.1150 and 1.1260.

The bears will regain the leadership if they break through the support at 1.0925. Their target will be 1.0800 and 1.0680.

technical_eurusd_08_03_2016

Pound

On Monday’s trades, the price of the pair GBP/USD decreased to 1.4160. On the 4-hour chart, this level was overpassed for a short time however the bears did not manage to strengthen here. The pair suddenly went up. The bulls confidently overpassed the resistance at 1.4240 where the trades were ended.

The bulls will maintain the leadership if they break through the resistance at 1.4320.Their target will be 1.4400.

The bears will regain the initiative if they break through the support at 1.4240. Their target will be 1.4160 and 1.4080.

technical_gbpusd_08_03_2016

Yen

The trades of the pair USD/JPY remain at low volatility. The pair is traded in the consolidation range with a decline tendency. The pair slightly decreased from the level of 113.80. The analysts from FortFS say that, the bears try to lower the price but it remains on flat.

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

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

technical_usdjpy_08_03_2016

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