European Session

EUR/USD - Euro Dollar

1,2713. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,2400 and 1,2870. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2850 (137 pips).
=> We could take a short position at 1,2720. We will put the stop loss above 1,2860 (-140 pips). The targets are 1,2450 (+270 pips, risk/reward 1:1.9), 1,2330 (+390 pips, risk/reward 1:2.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,2850 - 1,2930

Supports

1,2610 - 1,2400

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GBP/USD - British Pound Dollar

1,4835. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5000 (165 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,4850. We will put the stop loss above 1,5000 (-150 pips). The targets are 1,4600 (+250 pips, risk/reward 1:1.7), 1,4380 (+470 pips, risk/reward 1:3.1) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,5000 - 1,5180

Supports

1,4600 - 1,4380

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USD/CAD - US Dollar Canadian Dollar

1,2170. USD CAD broke 1,2300 support. The volatility is high. Oscillators are neutral. The price should continue to move in 1,2000 / 1,2450 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2220 - 1,2420

Supports

1,2090 - 1,2000

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USD/CHF - Dollar Swiss Franc

1,1890. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF 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. The price should find a resistance below 1,2000 (110 pips). The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,1915 - 1,2000

Supports

1,1825 - 1,1700

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USD/JPY - Dollar Yen

96,91. USD JPY broke 96,30 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 98,00 (109 pips). The downtrend should resume.
=> We could take a short position at 97,00. We will put the stop loss above 98,20 (-120 pips). The targets are 95,50 (+150 pips, risk/reward 1:1.2), 93,50 (+350 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

97,35 - 98,15

Supports

96,30 - 95,50

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