European Session

EUR/USD - Euro Dollar

1,4862. 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 1,4790 and 1,4920. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,4790 / 1,4920 range. We won't take a position.

Resistances

1,4890 - 1,4920

Supports

1,4850 - 1,4780

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GBP/USD - British Pound Dollar

2,0723. GBP USD is in a range between 2,0530 and 2,0750. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 2,0750. If the resistance is broken then the target will be 2,0900 (175 pips).

Resistances

2,0750 - 2,0810

Supports

2,0690 - 2,0620

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USD/CHF - Dollar Swiss Franc

1,1000. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 1,0940.
=> We could take a short position at 1,1010. We will put the stop loss above 1,1050 (-40 pips). The targets are 1,0940 (+70 pips) 1,0850 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,1010 - 1,1045

Supports

1,0960 - 1,0940

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USD/JPY - Dollar Yen

108,35. 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 high. Oscillators are neutral. The consolidation should continue. The price should continue to move in 107,25 / 109,00 range. We won't take a position.

Resistances

108,80 - 109,00

Supports

108,00 - 107,25

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EUR/GBP - Euro British Pound

0,7169. EUR GBP is in an uptrend supported by 4H exponential moving averages. EUR GBP is in a consolidation after the last bullish movement. The price is just above 0,7160 support. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a support above 0,7160.
[arbitrage EUR USD/ GBP USD] : We expect similar moves on EUR USD and GBP USD..

Resistances

0,7190 - 0,7215

Supports

0,7160 - 0,7130

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