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.
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.
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.
Read the full review on our site:
Dear Traders, Make sure to receive $100 on your trading accounts only from the 27th to the 31st of January! Welcome Bonus 100 USD is the best way to start trading and test all of the Company’s products! The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover A two-week testing […]
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