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CURRENCIES TECHNICAL ANALYSIS JULY.25

Euro

At the end of the past week, the euro decreased against the US dollar on the H4 chart. The bears tested the support at 1.1000. The analysts from Fort Financial Services said that trading instrument was oversold.

The bulls will regain the leadership if they break through the resistance at 1.1050. Their target will be 1.1130 and 1.1200.

The bears will maintain the initiative if they break through the support at 1.1000. Their target will be 1.0900 and 1.0830.

technical_eurusd_25_07_2016_2

Pound

The H4 chart showed that the pound weakened against the dollar at the end of the past week. Sellers tested the level 1.3100. The technical picture showed the development of the bearish tendency.

The bulls will regain the leadership if they break through the resistance at 1.3300. Their target will be 1.3500 and 1.3700.

The bears will maintain the initiative if they break through the support at 1.3100. Their target will be 1.2900 and 1.2700.

technical_gbpusd_25_07_2016_1

Yen

On Friday, the 4-hour chart showed that the Japanese currency lost some of its position to the dollar. The pair ended the trading week above 106.00, the analysts from FortFS said.

The bulls will maintain the leadership if they break through the resistance at 107.00. Their target will be 108.00.

The bears will regain the initiative if they break through the support at 106.00. Their target will be 105.30 and 104.50.

technical_usdjpy_25_07_2016_1

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