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CURRENCIES TECHNICAL ANALYSIS JULY.27

Euro

The euro moved up yesterday, however the dollar played back the losses against the major currencies on the H4 chart during the US session. The analysts from Fort Financial Services said that the pair ended the trades below resistance at 1.1000.

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.

technical_eurusd_27_07_2016_1

Pound

On Tuesday, the pound was traded under pressure and a consolidation was formed near support at 1.3100 on the 4-hour chart. Technically, the trading instrument remained neutral.

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_27_07_2016_1

Yen

The 4-hour chart showed that the pair USD/JPY development of a downward movement. The bears broke through 104.50, the analyst from FortFS said.

The bulls will regain the leadership if they break through the resistance at 104.50. Their target will be 105.30 and 106.00.

The bears will maintain the initiative if they break through the support at 103.50. Their target will be 102.50 and 101.40.

technical_usdjpy_27_07_2016_1

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