flag-gb flag-my flag-zh flag-id flag-th flag-vi

CURRENCIES TECHNICAL ANALYSIS JUNE.20

Euro

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.

technical_eurusd_20_06_2016

Pound

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.

technical_gbpusd_20_06_2016

Yen

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.

technical_usdjpy_20_06_2016

Read the full review on our site:
https://www.fortfs.com

Latest news

$10000cents No Deposit Bonus to your trading account!

2019-11-18 13:53:19

Only during Black Friday, November 29th, take advantage of the unique offer from FortFS: get a bonus of $10000 cents without depositing your own funds!

Deposit Bonus 200%

2019-11-13 11:27:10

Dear Clients! Only until December 01, a threefold increase in the deposit amount is available for all FortFS customers! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus […]