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CURRENCIES TECHNICAL ANALYSIS JUNE.10

Euro

The 4-hour time-frame showed a rapid decline of the euro from the maximum levels. The sellers pushed through the support at 1.1370. The analysts from Fort Financial Services said that the quotes of the trading instrument reached the level 1.1300.

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

The bears will maintain the initiative if they break through the support at 1.1300. Their target will be 1.1250 and 1.1200.

technical_eurusd_10_06_2016

Pound

On the 4-hour chart, the British currency was traded under pressure and gave up on its positions in favour of its US opponent. The bears took control of the pair and during sales they overpassed the level 1.4480.

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.

technical_gbpusd_10_06_2016

Yen

During the trading session the sellers dominated the pair USD/JPY and that cause a breakthrough of support at 107.00 and a consolidation below that on the 4-hour chart. However, at the end of trading, the buyers were more active and brought the price back to the indicated level.

The bulls will maintain the leadership if they break through the resistance at 107.00. Their target will be 108.00 and 109.00.

The bears will regain the initiative if they break through the support at 106.00. Their target will be 105.00.

technical_usdjpy_10_06_2016

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