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TECHNICAL ANALYSIS MAR.31

Euro

The analysts from Fort Financial Services informed that the growth of the pair EUR/USD continued. After overpassing the resistance at 1.1260 on the 4-hour chart the pair headed to the level of 1.1350. The bulls tested this level however the trades were ended below this level.

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.

technical_eurusd_31_03_2016

Pound

On the 4-hour time-frame, the pair GBP/USD has stopped its confident growth. After breaking through 1.4320 the pair tested the resistance at 1.4400. Nevertheless, the growth impulse was not strong enough to overpass this level. After testing 1.4400 the price rolled down.

The bulls will regain the initiative if they break through the resistance at 1.4400. Their target will be 1.4480 and 1.4560.

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

technical_gbpusd_31_03_2016

Yen

On the 4-hour chart, the pair USD/JPY held downwards trades. The pair overpassed the support at 113.00. The decrease continued and the price tested the support at 112.20. Later the price went up from this level. The analysts from FortFS said that the trades were ended above this level.

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_31_03_2016

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