European Session

EUR/USD - Euro Dollar

1,4678. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4520 and 1,4730. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a resistance below 1,4800 (120 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4680 - 1,4730

Supports

1,4640 - 1,4580

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0565. GBP USD is in a range between 2,0500 and 2,0850. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 2,0500. The price has a good probability to go up. The target is expected at 2,0700. If the support is broken then the target will be 2,0300. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

2,0600 - 2,0660

Supports

2,0500 - 2,0400

more information on GBP/USD - British Pound Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,1226. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 1,1250.
=> We could take a short position at 1,1230. We will put the stop loss above 1,1265 (-35 pips). The targets are 1,1180 (+50 pips) 1,1140 (+90 pips) 1,1100 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,1250 - 1,1300

Supports

1,1220 - 1,1180

more information on USD/CHF - Dollar Swiss Franc Click Here

USD/JPY - Dollar Yen

111,37. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 109,00 / 112,00 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

111,70 - 112,00

Supports

110,85 - 110,40

more information on USD/JPY - Dollar Yen Click Here

EUR/GBP - Euro British Pound

0,7137. EUR GBP is in an uptrend supported by 1H exponential moving averages. EUR GBP is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The uptrend should continue to gather momentum.
[arbitrage EUR USD/ GBP USD] : We expect a bullish pressure on EUR USD and a bearish pressure on GBP USD..

Resistances

0,7150 - 0,7175

Supports

0,7110 - 0,7040

more information on EUR/GBP - Euro British Pound Click Here