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TECHNICAL ANALYSIS MAR.25

Euro

The analysts from Fort Financial Services said: the downwards movement of the pair EUR/USD stopped. On the 4-hour time-frame, the price on its way down tested the minimums near 1.1150. Nevertheless, the bears could not break through this level and towards the end of trading the price went up.

The bulls will maintain the initiative if they break through the resistance at 1.1260. Their target will be 1.1350 and 1.1450.

The bears will regain the leadership if they break through the support at 1.1150. Their target will be 1.1050 and 1.0925.

technical_eurusd_25_03_2016

Pound

The currency instrument GBP/USD started to recover. After the attempt to overpass the level 1.4080 on the 4-hour chart, the price jumped up. The bulls confidently broke through the resistance at 1.4160, where Thursday trades ended.

The bulls will maintain 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.

technical_gbpusd_25_03_2016

Yen

On the 4-hour chart, the pair USD/JPY was traded in a range limited by 113.00 and 112.20. The price tested the support at 112.20 and then grew to the resistance at 113.00. After testing this mark the price rolled down. The analysts from FortFS pointed out that towards the end of trading the quotes returned to the area 113.00.

The bulls will maintain the initiative if they break through the resistance at 113.00. Their target will be 113.80 and 114.60.

The bears will regain the initiative if they break through the support at 112.20. Their target will be 111.40 and 110.60.

technical_usdjpy_25_03_2016

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