The 4-hour chart showed that the pair returned to the minimum points and tested the level 1.1200. Quotes growth is restrained by the resistance at 1.1250. The analysts from For Financial Services said that the market seemed to be under the bears’ influence.
The bulls will regain the leadership if they break through the resistance at 1.1250. Their target will be 1.1300 and 1.1370.
The bears will maintain the initiative if they break through the support at 1.1200. Their target will be 1.1130 and 1.1070.
On the 4-hour time-frame the pair was traded downwards. The sellers dropped the price below 1.4150. The bears took over control of the situation in the pair.
The bulls will regain the leadership if they break through the resistance at 1.4150. Their target will be 1.4240 and 1.4320.
The bears will maintain the initiative if they break through the support at 1.4050. Their target will be 1.4060.
The pair remained at its minimums and the sellers tested the level 106.00 on the 4-hour chart. The analysts from FortFS said that the trades continued to be in the bearish trend.
The bulls will regain the leadership if they break through the resistance at 106.00. Their target will be 107.00 and 108.00.
The bears will maintain the initiative if they break through the support at 105.30. Their target will be 104.50.
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