European Session

EUR/USD - Euro Dollar

1,2833. EUR USD is in a range between 1,2790 and 1,3070. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,2600 (233 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2940 - 1,3070

Supports

1,2790 - 1,2600

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GBP/USD - British Pound Dollar

1,5855. GBP USD is in an downtrend directed by daily exponential moving averages. GBP USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,5690 and 1,6100. Support and resistance are given by Bollinger bands. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,5930 - 1,6180

Supports

1,5785 - 1,5645

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

USD/CAD - US Dollar Canadian Dollar

1,1767. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a resistance below 1,1900 (133 pips). We won't take a position.

Resistances

1,1830 - 1,1900

Supports

1,1670 - 1,1470

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

USD/CHF - Dollar Swiss Franc

1,1652. USD CHF is in a range between 1,1575 and 1,1800. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,1670 - 1,1800

Supports

1,1575 - 1,1475

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

USD/JPY - Dollar Yen

97,91. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 96,30 (161 pips). If the support is broken then the target will be 95,00 (291 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

98,60 - 99,80

Supports

97,60 - 96,30

more information on USD/JPY - Dollar Yen Click Here