According to the 4-hour chart, last week the US dollar tried to regain its losses against the euro. During correction the price passed through the support at 1.1150, but soon after returned above this level where it ended the trades. According to the analysts from Fort Financial Services: after the bulls’ revenge the bears returned to the market.
The bulls will regain the leadership if they break through the resistance at 1.1260. Their target will be 1.1350.
The bears will maintain the initiative if they break through the support at 1.1150. Their target will be 1.1050 and 1.0925.
According to the 4-hour chart, the US dollar has slightly regained its positions against the pound after a sharp increase due to the ECB meeting. As a result, during the decrease the quotes overpassed the support at 1.4400.
The bulls will regain their 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.
The data on the USD/JPY 4-hour chart shows the development of the upwards movement breaking through the price barrier 113.00. After the crash the dollar managed to partially regain its lost positions to the yen. The analysts from FortFS said that monetary pair ended the trades slightly below resistance at 113.80.
The bulls will manage to 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.
Read the full review on our site:
Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications