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CURRENCIES TECHNICAL ANALYSIS JULY.15

Euro

On the H4 chart, the euro strengthened against the US dollar. The buyers kept their influence on the market. The analysts from Fort Financial Services said that during the growth, the trading instrument tested the price level 1.1130.

The bulls will maintain the leadership if they break through the resistance at 1.1130. Their target will be 1.1200 and 1.1300.

The bears will regain the initiative if they break through the support at 1.1050. Their target will be 1.1000 and 1.0900.

technical_eurusd_15_07_2016_1

Pound

After the drop to 1.3100, the British currency strengthened suddenly against the dollar on the 4-hour chart. In seconds, the quotes jumped to the resistance at 1.3500. Despite the rollback that followed, the trades ended above 1.3300.

The bulls will maintain the leadership if they break through the resistance at 1.3500. Their target will be 1.3700 and 1.3950.

The bears will regain the initiative if they break through the support at 1.3300. Their target will be 1.3100 and 1.2900.

technical_gbpusd_15_07_2016

Yen

On the 4-hour time-frame, the US dollar strengthened its positions against the yen. During the previous session, the bulls managed to overpass the levels 104.50 and 105.30. The analysts from FortFS said that the instrument growth was stopped at 106.00.

The bulls will maintain the leadership if they break through the resistance at 106.00. Their target will be 107.00.

The bears will regain the initiative if they break through the support at 105.30. Their target will be 104.50 and 103.50.

technical_usdjpy_15_07_2016

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