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TECHNICAL ANALYSIS MAR.28

Euro

According to the analysts from Fort Financial Services: the decrease of the pair EUR/USD has stopped. On the 4-hour chart the bears dropped to the support price at 1.1150. This level was tested but the price did not go lower. Consolidation was formed above 1.1150. There were low volatile trades due to the long Easter weekend.

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

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

technical_eurusd_28_03_2016

Pound

The pair GBP/USD attempted to recover above 1.4160. The price could not stabilize above this level and the pair dropped. Towards the end of trading the bulls managed to return the price to the level 1.4160. Despite the fact that on the 4-hour chart the bulls tested this level. The pair remained in the same range limited by 1.4080 and 1.4160.

The bulls will maintain the leadership if they break through the resistance at 1.4160. Their target will be 1.4240 and 1.4320.

The bears will regain the initiative if they break through the support at 1.4080. Their target will be 1.4000 and 1.3920.

technical_gbpusd_28_03_2016

Yen

Last week, the trades of USD/JPY went up and formed a consolidation. On the 4-hour time-frame the bulls overpassed the resistance at 113.00. Above this level the trades were held in a consolidating range. The analysts from FortFS said that the bears tested it from above.

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_28_03_2016

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