flag-gb flag-my flag-zh flag-id flag-th flag-vi

CURRENCIES TECHNICAL ANALYSIS JUNE.08

Euro

The currency instrument EUR/USD consolidated below 1.1370 on the 4-hour time-frame. The analysts from Fort Financial Services said that the pair of majors was traded under pressure.

The bulls will regain the leadership if they break through the resistance at 1.1370. Their target will be 1.1450 and 1.1530.

The bears will maintain the initiative if they break through the support at 1.100. Their target will be 1.1250 and 1.1200.

technical_eurusd_08_06_2016_1

Pound

The 4-hour time-frame showed that the the pair of majors managed to strengthen but was restrained its growth. Towards the end of trading sellers returned the price to below 1.4560. Nevertheless, the pair covered Monday’s gap.

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 1.4490. Their target will be 1.4400 1.4320.

technical_gbpusd_08_06_2016_1

Yen

The 4-hour chart showed that after a corrective growth, the pair continued its decline towards the support at 107.00. The analysts from FortFS said that sellers activated their presence in the pair.

The bulls will regain the leadership if they break through the resistance at 108.00. Their target will be 109.00 and 109.80.

The bears will maintain the initiative if they break through the support at 107.00. Their target will be 106.00.

technical_usdjpy_08_06_2016_1

Read the full review on our site:
https://www.fortfs.com

Latest news

New amazing MegaProtect Bonus!

2020-01-13 09:10:06

WHAT ARE THE BENEFITS OF MEGAPROTECT BONUS? +100% of the deposited amount! 100% protection during the drawdown Up to 5000 USD per one account Up to 15000 USD per one profile

Christmas Fairytale 2019

2019-12-02 07:35:32

FortFS wishes its clients happy upcoming holidays and announces the start of the annual promotion – Christmas Fairy Tale! From December 02, 2019 to January 10, 2020 you can participate in the promotion and get up to $15 for every 10 closed lots with a trading account balance starting from only 100 USD! How to […]