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CURRENCIES TECHNICAL ANALYSIS AUGUST.15

Euro

The euro strengthened against the US opponent on the 4-hour time-frame. The buyers tested the resistance at 1.1200. The analysts from Fort Financial Services said that bulls dominated the pair.

The bulls will maintain the leadership if they break through the resistance at 1.1200. Their target will be 1.1270.

The bears will regain the initiative if they break through the support at 1.1130. Their target will be 1.1050 and 1.1000.

technical_eurusd_15_08_2016_1
Pound

The British currency paired with the US dollar, was traded under pressure on the H4 chart. Sellers dropped the price to the support at 1.2900. The pair approached the oversold borderline.

The bulls will regain the leadership if they break through the resistance at 1.3100. Their target will be 1.3300 and 1.3500.

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

technical_gbpusd_15_08_2016_1
Yen

The H4 time-frame showed that the yen grew against the US dollar. On the way down, the level 101.40 was passed. The pair was traded under the bears’ influence, the analysts from FortFS said.

The bulls will regain the leadership if they break through the resistance at 101.40. Their target will be 102.50 and 103.50.

The bears will maintain the initiative if they break through the support t 100.40. Their target will be 99.00.

technical_usdjpy_15_08_2016_1

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