flag-gb flag-my flag-zh flag-id flag-th flag-vi

CURRENCIES TECHNICAL ANALYSIS February.7

Euro

The market turned bearish on Monday. The price bounced off the 1.0800 hurdle and dropped through 1.0750 towards 1.0700. The EUR/USD pair just touched the handle and bounced off the level. The resistance comes in at the level 1.0750, the support lies at 1.0700.

If a downward pressure persists the spot will extend its losses further. Should the pair break below 1.0700, sellers may drag the euro towards 1.0650.



Pound

The GBP/USD pair faced further downward pressure on Monday. The pound spent the night in a narrow range below 1.2500. The spot accelerated its losses in the European session and declined to 1.2450. The resistance exists at the level 1.2500, the support stands at 1.2400.

A move below 1.2450 will increase sellers’ strength. Bear may push prices towards 1.2400.



Yen

The USD/JPY pair turned bearish right after the daily opening. Sellers were driving the price lower the whole day and reached 112.00 ahead of the NY session. The spot failed to retake the level and bounced from it. The resistance is at 113.00, the support comes in at 112.00.

A break below 112.00 will strength sellers’ positions. In this scenario sellers will lead the price to the 111.00 level.

Read the full review on our site:
https://www.fortfs.com

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]