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TECHNICAL ANALYSIS MAY.19

Euro

On the 4-hour chart the dollar strengthened against the euro which resulted in the testing of the support at 1.1260. The analysts from Fort Financial Services said that the pair was traded with the bearish trend and closed the trading near 1.1214.

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_19_05_2016_1

Pound

The data from the 4-hour time-frame showed that the quotes rebounded from the support at 1.4400 and headed up. With the help of growth drivers the bulls managed to break through 1.4480 and 1.4560. At the end of the trading when the Fed protocol was published, the dollar strengthened all over the market and leveled the trades of the pair GBP/USD.

The bulls will regain the leadership if they break through the resistance at 1.4670. Their target will be 1.4760.

The bears will maintain the initiative if they break through the support at 1.4560. Their target will be 1.4480 and 1.4400.

technical_gbpusd_19_05_2016_1

Yen

On the 4-hour time-frame the US dollar continued to strengthen its positions against the Japanese yen. The bulls resumed their influence in the pair. The analyst from FortFS said that during the trading session, the bulls tested the 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 108.20 and 107.40.

technical_usdjpy_19_05_2016_1

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