European Session

EUR/USD - Euro Dollar

1,4640. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to consolidate. We won't take a position.

Resistances

1,4680 - 1,4730

Supports

1,4620 - 1,4550

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GBP/USD - British Pound Dollar

2,0997. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to consolidate. The price should continue to move in 2,0950 / 2,1050 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

2,1030 - 2,1050

Supports

2,0975 - 2,0950

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USD/CHF - Dollar Swiss Franc

1,1326. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The oscillators indicate an oversold state. The price should continue to consolidate. The price should continue to move in 1,1275 / 1,1400 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1355 - 1,1400

Supports

1,1310 - 1,1275

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USD/JPY - Dollar Yen

112,79. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.
=> We could take a short position at 112,90. We will put the stop loss above 113,25 (-35 pips). The targets are 112,00 (+90 pips) 111,50 (+140 pips).

Resistances

113,10 - 113,40

Supports

112,60 - 112,10

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EUR/GBP - Euro British Pound

0,6974. EUR GBP is in a range between 0,6930 and 0,7020. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands.
[arbitrage EUR USD/ GBP USD] : We expect similar moves on EUR USD and GBP USD..

Resistances

0,6975 - 0,6990

Supports

0,6960 - 0,6935

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