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.
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.
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.
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