The H4 chart showed that euro growth was restrained by the strong US dollar. The pair consolidated below 1.1000. The analysts from Fort Financial Services said that the pair went through low volatile trades.
The bulls will regain the leadership if they break through the resistance at 1.1000. Their target will be 1.1050 and 1.1130.
The bears will maintain the initiative if they break through the support at 1.0900. Their target will be 1.0830.
The 4-hour chart showed that the pair consolidated above support at 1.3100 which is behind the sellers’ impulse. Technically, the pair started to recover and exited the oversold zone.
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.
On the 4-hour time-frame, the pari was traded with small changes. The analysts from FortFS said that at the end of trading the sellers tested the level 106.00.
The bulls will regain the leadership if they break through the resistance at 107.00. Their target will be 108.00.
The bears will maintain the initiative if they break through the support at 106.00. Their target will be 105.30 and 104.50.
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