On Friday, the euro continued to recover its positions against the US dollar on the 4-hour chart. The pair EUR/USD overpassed the level 1.1250 and approached the next level at 1.1300. The analysts from Fort Financial Services said that the bulls are in control now.
The bulls will maintain the leadership if they break through the resistance at 1.1300. Their target will be 1.1370 and 1.1450.
The bears will regain 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 sterling pound continued to playback its positions against the dollar. Buyers raised the trading instrument price above 1.4240 and 1.4320. During the growth, the bulls came across a strong resistance at 1.4400 which restrained any further growth.
The bulls will maintain the leadership if they break through the resistance at 1.4400. Their target will be 1.4480 and 1.4580.
The bears will regain the initiative if they break through the support at 1.4320. Their target will be 1.4240 and 1.4150.
The 4-hour chart showed that the pair remained at the minimum levels and developed a sideway trading. The bears dropped the price below 104.50. The analysts from FortFS said that a further decrease was restrained by the support at 103.50.
The bulls will regain the leadership if they break through the resistance at 104.50. Their target will be 105.30 and 106.00.
The bears will maintain the initiative if they break through the support at 103.50. Their target will be 102.50.
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