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

CURRENCIES TECHNICAL ANALYSIS February.17

Euro

The euro had a positive day on Thursday. The common European currency was growing the whole day. Buyers broke 1.0600 in the night and pushed the price higher afterwards. European trader kept driving the spot upwards and broke 1.0650 in the late European session. The pair extended its gains in the NY session and stopped at 1.0670. The resistance is seen at 1.0700, the support is at 1.0650.

If the pair stays above 1.0650 buyers will move the price to 1.0700. A failure here will return selling interest pushing the EUR/USD pair to 1.0600.



Pound

The British pound maintained its bid tone on Thursday. Sellers were pushing the cable higher and managed to test 1.2500. Buyers failed to retake the level and gave up their gains. The spot softened and returned below the level. The current resistance is seen at 1.2500, the support exists at 1.2400.

A break above 1.2500 will extend an upward momentum. The price may grow to the 1.2550, 1.2577 and 1.2600.



Yen

The U.S dollar downward trajectory remained intact on Thursday. Sellers broke 114.00 and kept pushing the price downwards afterwards. The USD/JPY pair tested 113.00 in the late NA session. The resistance is at 114.00, the support comes in at 113.00.

If the pair breaks below 113.00 we expect to see renewed bearish pressure. Sellers may lead the spot to 112.50.

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

Latest news

MEGAPROTECT BONUS

2020-05-13 07:54:04

№1 Forex Bonus that guarantees to protect your funds during drawdowns and gives +100% to the deposit! Take advantage of the bonus and get the following benefits: +100% to the deposit! 100% drawdown protection No expiration period

#StayHome with FortFS

2020-04-02 11:54:34

Share with others how you trade with FortFS during quarantine and get 50 USD. Works are accepted from 02 to 12 April, 2020 in photo or video format. Authors of 10 most creative works will get money prizes. Preference will be given to funny, interesting and original works in good quality.