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TECHNICAL ANALYSIS MAR.15

Euro

According to the analysts from Fort Financial Services, the bulls could not stabilize the pair EUR/USD above 1.1150. The bears confidently pulled the price from this mark however, the decline impulse were not strong enough to reach the support near 1.1050. The trades were closed above this level.

The bulls will regain the leadership if they break through the resistance at 1.1150. Their target will be 1.1260 and 1.1350.

The bears will maintain the initiative if they break through the support at 1.1050. Their target will be 1.0925 and 1.0800.

technical_eurusd_15_03_2016

Pound

The pair GBP/USD is correcting after the growth last week. After the testing of the resistance at 1.4400, there was a short-term consolidation slightly below this level. At the same time, the bears sharply dropped the price. Towards the end of Monday’s trading, they managed to break through the support at 1.4320.

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

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

technical_gbpusd_15_03_2016

Yen

The trades of the pair USD/JPY continue in the narrow and consolidated range. The bulls did not manage to strengthen above 113.80. The analysts from FortFS said: on Monday the trades were conducted below this level but towards the closing, the quotes returned to this level.

The bulls will maintain the initiative 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.

technical_usdjpy_15_03_2016

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