The analysts from Fort Financial Services informed that: towards the end of Tuesday trades the monetary instrument EUR/USD showed a confident growth. It should be pointed out that on the H4 time-frame the pair formed a consolidation above support at 1.1150. The pair then sharply increased and overpassed the resistance at 1.1260.
The bulls will maintain the initiative if they break through the resistance at 1.1350. Their target will be 1.1450.
The bears will regain the leadership if they break through the support at 1.1260. Their target will be 1.1150 and 1.1050.
The 4-hour chart showed a sharp increase for the pair GBP/USD. The pair trades were held above 1.4240. Attempts to push this level down were unsuccessful. The price jumped from this level upwards. The bulls overpassed the resistance at 1.4320 and brought the price to 1.4400.
The bulls will maintain their leadership if they break through the resistance at 1.4400. Their target will be 1.4480 and 1.4560.
The bears will regain the initiative if they break through 1.4320. Their target will be 1.4240 and 1.4160.
On the 4-hour time-frame, the trades of the pair USD/JPY were held above 113.00. The bulls managed to raise the price to 113.80 and then test this level. Towards the end of trading the price rolled down. The analysts from FortFS said that the bears took over the initiative and overpassed the support at 113.00.
The bulls will regain the initiative if they break through the resistance at 113.00. Their target will be 113.80 and 114.60.
The bears will maintain the initiative if they break through the support at 112.20. Their target will be 111.40 and 110.60.
Read the full review on our site:
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]
Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]