European Session

EUR/USD - Euro Dollar

1,5583. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,5540 and 1,5690. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a support above 1,5525. If the support is broken then the target will be 1,5280.

Resistances

1,5600 - 1,5690

Supports

1,5545 - 1,5525

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GBP/USD - British Pound Dollar

1,9682. GBP USD is in a consolidation after the last bearish movement. 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. The consolidation should continue. The price should continue to move in 1,9600 / 1,9700 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,9700 - 1,9750

Supports

1,9660 - 1,9600

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

USD/CAD - US Dollar Canadian Dollar

1,0132. There is an horizontal range between 1,0110 and 1,0150. Support and resistance are given by Bollinger bands. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,0070 / 1,0200 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0150 - 1,0200

Supports

1,0110 - 1,0070

more information on USD/CAD - US Dollar Canadian Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,0367. USD CHF is in a consolidation after the last bullish movement. USD CHF is in a range between 1,0300 and 1,0430. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0390 - 1,0430

Supports

1,0360 - 1,0300

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

USD/JPY - Dollar Yen

103,95. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should find a resistance below 104,20. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

104,20 - 104,50

Supports

103,85 - 103,60

more information on USD/JPY - Dollar Yen Click Here