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.
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.
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.
Read the full review on our site:
Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]