The currency instrument EUR/USD dropped from the maximum at 1.1370 to the historic minimum at 1.0900 on the 4-hour chart. The analyst from Fort Financial Services said that the pair remained under pressure, even though the quotes went up to 1.1130.
The bulls will regain the leadership if they break through the resistance at 1.1070. Their target will be 1.1130 and 1.1200.
The bears will maintain the initiative if they break through the support at 1.0900. Their target will be 1.0830.
The 4-hour time-frame showed that most losses were encountered by the pair GBP/USD after the referendum results were announced. The previous growth to 1.5000 changed to a sharp and deep drop to 1.3300. Sellers kept the situation under control.
The bulls will regain the leadership if they break through the resistance at 1.3700. Their target will be 1.3950 and 1.4150.
The bears will maintain the initiative if they break through the support at 1.3500. Their target will be 1.3300.
The 4-hour chart showed that the yen strengthened against the US dollar. During the decrease, the candle reached the level 99.00 but then returned to 102.50. The analysts from FortFS said that the pair is oversold and the bears maintained their influence.
The bulls will regain the leadership if they break through the resistance at 102.50. Their target will be 103.50 and 104.50.
The bears will maintain the initiative if they break through the support at 101.40. Their target will be 100.30 and 99.00.
Read the full review on our site:
Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]
Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.