The 4-hour time-frame showed a sharp growth of the pair EUR/USD. This was a result of the crashed dollar caused by the unexpected weak data. The increased activity of the buyers broke through a number of resistance levels at 1.1200, 1.1250 and 1.1300.
The bulls will maintain the leadership if they break through the resistance at 1.1370. Their target will be 1.1450.
The bears will regain the initiative if they break through the support at 1.1300. Their target will be 1.1250 and 1.1200.
On the 4-hour chart, the pair met a strong support near 1.4400, after it headed up and overpassed the resistance at 1.4480. It tested from above the important level 1.4560, and the price dropped.
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 1.4320 and 1.4240.
The 4-hour time-frame captured the decline of the pair USD/JPY after the terrible data from the USA. The analysts from FortFS said that due to increased sales of the US currency, the support levels at 108.20 and 107.40 were overpassed.
The bulls will regain the leadership if they break through the resistance at 107.40. Their target will be 108.20 and 109.00.
The bears will maintain the initiative if they break through the support at 106.60. Their target will be 105.80.
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.