On the 4-hour chart, the losses of the euro against the US currency are clearly observed. Last week, the pair was traded in a narrow range however, the bears took over at the end of the trading week. The analysts from Fort Financial Services said that the pair EUR/USD overpassed the price level 1.1250 downwards.
The bulls will regain the leadership if they break through the resistance at 1.1250. Their target will be 1.1350 and 1.1480.
The bears will maintain the initiative if they break through the support at 1.1150. Their target will be 1.1050 and 1.0925.
As it can be seen on the 4-hour chart at the end of trading, the pair GBP/USD weakened its positions. The testing of the resistance at 1.4400 was unsuccessful and the trades were ended below this level.
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.
The fact that the US dollar grew against the yen is clearly seen on the 4-hour time-frame. The upwards movement started with a strong support at 108.00. The analysts from FortFS said that during the previous trading session resistance levels at 110.60 and 111.40 were overpassed.
The bulls will maintain the leadership if they break through the resistance at 112.20. Their target will be 113.00.
The bears will regain the initiative if they break through the support at 111.40. Their target will be 110.60 and 109.80.
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