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TECHNICAL ANALYSIS APR.21

Euro

On the 4-hour chart it is clear that the US dollar strengthened against the euro. During the decrease, the bears managed to push through 1.1350. The analysts from Fort Financial Services said that a further drop is restrained by the strong support at 1.1260.

The bulls will regain the leadership if they break through the resistance at 1.1350. Their target will be 1.1450 and 1.1550.

The bears will maintain the initiative if they break through the support at 1.1260. Their target will be 1.1150 and 1.1050.

technical_eurusd_21_04_2016

Pound

After a sharp growth on the 4-hour chart, the currency instrument stopped slightly below 1.4400 which was numerously tested. As a result, we can observe a downwards correction.

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

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

technical_gbpusd_21_04_2016

Yen

According to the 4-hour chart, the US dollar recovered its positions against the Japanese yen. The analysts from ForFS said that currency instrument growth was restricted by a strong resistance at 109.80.

The bulls will maintain the leadership if they break through the resistance at 109.80. Their target will be 110.60 and 111.40.

The bears will regain the initiative if they break through the support at 109.00. Their target will be 109.00 and 108.20.

technical_usdjpy_21_04_2016

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