The 4-hour chart showed a downward development for the trend in the pair EUR/USD. The support at 1.1300 collapsed under the pressure of sellers and that brought to the testing of the next support level at 1.1250. The analysts from Fort Financial Services said that the bears dominate the pair.
The bulls will regain the leadership if they break through the resistance at 1.1300. Their target will be 1.1370 and 1.1450.
The bears will maintain the initiative if they break through the support at 1.1250. Their target will be 1.1200 and 1.1130.
The 4-hour time-frame showed that the pound has considerably decreased against the US currency. Under the flow of the actively declining quotes, the levels 1.4400 and 1.4320 were overpassed. After the testing of support at 1.4240 the price headed up.
The bulls will maintain the leadership if they break through the resistance at 1.4320. Their target will be 1.4400 and 1.4480.
The bears will regain the initiative if they break through the support at 1.4240. Their target will be 1.4150.
The pair USD/JPY was traded under pressure near 107.00 on the 4-hour chart. The analysts from FortFS said that range is extending however, the bearish sentiment dominated in the pair.
The bulls will regain the leadership if they break through the resistance at 107.00. Their target will be 108.00 and 109.00.
The bears will maintain 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