The 4-hour time-frame showed that the pair EUR/USD consolidated in a narrow range limited by 1.1200-1.1250. During the session, sellers tested the bottom limit of this range. The analysts from Fort Financial Services said that the pair remained in the downward trend.
The bulls will maintain the leadership if they break through the resistance at 1.1250. Their target will be 1.1300 and 1.1370.
The bears will regain the initiative if they break through the support at 1.1200. Their target will be 1.1130 and 1.1070.
The data from the 4-hour time-frame showed that the sterling pound was traded under the pressure of the US currency. After a slight correction towards 1.4560 the quotes continued to decline and tested the level 1.4480 a number of times.
The bulls will regain the leadership if they break through the resistance at 1.4560. Their target will be 1.4670 and 1.4760.
The bears will maintain the initiative if they break through the support at 1.4480. Their target will be 1.4400 and 1.4320.
On the 4-hour chart, the USD/JPY growth was stopped by a strong resistance at 110.60. The bearish influence resumed and the pair overpassed the level 109.80.
The bulls will regain the leadership if they break through the resistance at 109.80. Their target will be 110.60 and 111.40.
The bears will maintain the initiative if they break through the support at 109.00. Their target will be 108.20 and 107.40.
Read the full review on our site:
Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]