As shown on the 4-hour chart, the US dollar sharply is weakened against the euro currency. As a result, the pair approached the support level at 1.1050. According to the information from the analysts from Fort Financial Services: the trades remain in the same range.
The bulls will maintain the leadership if they break through the resistance at 1.1050. Their target will be 1.1150 and 1.1260.
The bears will regain the initiative if they break through the support at 1.0925. Their target will be 1.0790 and 1.0670.
According to the 4-hour chart , the pair was traded multidirectional however it remained within the narrow range limits. The trades were ended in the outskirts of the resistance at 1.4240 showing a successful bullish impulse.
The bulls will keep the leadership if they break through the resistance at 1.4240. Their target will be 1.4320 and 1.4400.
The bears will regain the initiative if they break through the support at 1.4160. Their target will be 1.4080 and 1.4000.
According to the 4-hour chart, the US dollar regained some of its positions lost to the Japanese yen. As the analysts from FortFS said, the resistance at 113.00 was overpassed under the bulls’ influence which allowed the price to leave the previously narrowed range.
The bulls will keep the leadership if they break through the resistance at 113.80. Their target will be 114.60 and 115.40.
The bears will regain the initiative if they break through the support at 113.00. Their target will be 112.20 and 111.40.
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