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CURRENCIES TECHNICAL ANALYSIS JULY.19
2016-07-19 08:47:44
Euro
On Monday, the pair EUR/USD went through low volatility trades near support at 1.1050 on the 4-hour chart. The euro strengthened against the US dollar at the end of trading. The buyers returned to the market, the analyst from Fort Financial Services said.
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.
Pound
Yesterday, the pound regained its positions on the H4 chart after a sharp decrease. The price approached and tested the resistance at 1.3300 following the rebound from the support at 1.3100.
The bulls will maintain the leadership if they break through the resistance at 1.3300. Their target will be 1.3500 and 1.3700.
The bears will regain the initiative if they break through the support at 1.3100. Their target will be 1.2900 and 1.2700.
Yen
The pair formed a consolidated range with a growth tendency on the 4-hour chart. The analyst from FortFS said that the buyers tested the resistance 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.
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