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.
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.
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.
Read the full review on our site:
Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]
Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.